AAR (NYSE:AIR) Releases Earnings Results, Beats Estimates By $0.02 EPS

AAR (NYSE:AIR) posted its quarterly earnings results on Thursday. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02, Briefing.com reports. The business had revenue of $656.50 million during the quarter, compared to analyst estimates of $660.05 million. AAR had a net margin of 2.73% and a return on equity of 10.17%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS.

AAR Price Performance

Shares of AIR opened at $67.12 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 42.38 and a beta of 1.54. The stock’s fifty day moving average is $70.90 and its 200-day moving average is $65.84. AAR has a one year low of $55.00 and a one year high of $76.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90.

Insiders Place Their Bets

In other AAR news, SVP Christopher A. Jessup sold 15,929 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $70.09, for a total value of $1,116,463.61. Following the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,630,872.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Christopher A. Jessup sold 15,929 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the transaction, the senior vice president now directly owns 51,803 shares of the company’s stock, valued at $3,630,872.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Jessup sold 14,973 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the transaction, the senior vice president now owns 51,803 shares in the company, valued at $3,628,800.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,023 shares of company stock worth $2,528,708. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AIR. Benchmark upped their target price on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 15th. Stifel Nicolaus reduced their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of AAR in a report on Friday, May 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.