AAR (NYSE:AIR) Announces Quarterly Earnings Results

AAR (NYSE:AIRGet Rating) posted its quarterly earnings data on Thursday. The aerospace company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04, Briefing.com reports. The firm had revenue of $446.30 million for the quarter, compared to the consensus estimate of $455.10 million. AAR had a net margin of 4.32% and a return on equity of 8.53%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS.

AAR Stock Performance

NYSE:AIR opened at $38.02 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 17.36 and a beta of 1.51. The business has a fifty day simple moving average of $43.65 and a two-hundred day simple moving average of $45.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.89 and a quick ratio of 1.31. AAR has a 1 year low of $31.73 and a 1 year high of $52.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AIR shares. Truist Financial reduced their price objective on shares of AAR from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. StockNews.com raised AAR from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Finally, TheStreet lowered AAR from a “b-” rating to a “c+” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.00.

Insider Activity

In related news, Director David P. Storch sold 25,000 shares of AAR stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $46.81, for a total value of $1,170,250.00. Following the completion of the sale, the director now owns 315,090 shares of the company’s stock, valued at approximately $14,749,362.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.74% of the company’s stock.

Hedge Funds Weigh In On AAR

Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in AAR by 10.7% in the 1st quarter. BlackRock Inc. now owns 6,239,962 shares of the aerospace company’s stock worth $302,202,000 after purchasing an additional 601,462 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of AAR by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 3,597,926 shares of the aerospace company’s stock worth $174,247,000 after purchasing an additional 59,984 shares in the last quarter. State Street Corp increased its position in shares of AAR by 32.1% during the 1st quarter. State Street Corp now owns 2,209,912 shares of the aerospace company’s stock valued at $107,026,000 after purchasing an additional 537,011 shares during the last quarter. Invesco Ltd. lifted its position in AAR by 35.1% in the 1st quarter. Invesco Ltd. now owns 536,037 shares of the aerospace company’s stock worth $25,960,000 after buying an additional 139,219 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AAR by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 521,191 shares of the aerospace company’s stock worth $25,242,000 after buying an additional 2,920 shares in the last quarter. 98.13% of the stock is owned by institutional investors.

About AAR

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AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.

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Earnings History for AAR (NYSE:AIR)

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