AAR Corp. (NYSE:AIR) Expected to Post Earnings of $0.52 Per Share

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Wall Street brokerages expect AAR Corp. (NYSE:AIR) to report earnings per share of $0.52 for the current quarter, Zacks reports. Three analysts have provided estimates for AAR’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.54. AAR reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, September 24th.

According to Zacks, analysts expect that AAR will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.60. For the next year, analysts forecast that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.92 to $2.95. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for AAR.

AAR (NYSE:AIR) last posted its quarterly earnings data on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The business had revenue of $562.70 million during the quarter, compared to analysts’ expectations of $529.49 million. AAR had a return on equity of 9.75% and a net margin of 0.37%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share.

A number of analysts have recently commented on the company. Stifel Nicolaus started coverage on AAR in a research report on Monday, July 8th. They issued a “buy” rating and a $50.00 price objective for the company. Zacks Investment Research upgraded AAR from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, May 21st. Finally, ValuEngine upgraded AAR from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AAR has a consensus rating of “Buy” and a consensus price target of $49.17.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of AAR by 0.8% during the second quarter. Northern Trust Corp now owns 1,276,020 shares of the aerospace company’s stock worth $46,944,000 after purchasing an additional 10,596 shares in the last quarter. GW&K Investment Management LLC lifted its position in AAR by 17.0% during the 2nd quarter. GW&K Investment Management LLC now owns 905,962 shares of the aerospace company’s stock worth $33,330,000 after acquiring an additional 131,777 shares during the period. Beach Point Capital Management LP lifted its position in AAR by 14.8% during the 1st quarter. Beach Point Capital Management LP now owns 562,826 shares of the aerospace company’s stock worth $18,297,000 after acquiring an additional 72,449 shares during the period. Bank of New York Mellon Corp lifted its position in AAR by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 498,269 shares of the aerospace company’s stock worth $18,332,000 after acquiring an additional 52,040 shares during the period. Finally, Geode Capital Management LLC lifted its position in AAR by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 454,302 shares of the aerospace company’s stock worth $16,963,000 after acquiring an additional 72,010 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Shares of AAR stock traded up $0.93 on Thursday, reaching $40.80. The company’s stock had a trading volume of 190,783 shares, compared to its average volume of 296,150. The firm has a market capitalization of $1.39 billion, a P/E ratio of 17.29 and a beta of 1.18. AAR has a 52-week low of $29.84 and a 52-week high of $51.52. The business has a 50-day simple moving average of $40.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 1.20.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 19th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, July 18th. AAR’s payout ratio is 12.71%.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Recommended Story: Hold Rating

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Earnings History and Estimates for AAR (NYSE:AIR)

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