Q3 2024 EPS Estimates for Air Industries Group Increased by Taglich Brothers (NYSE:AIRI)

Air Industries Group (NYSE:AIRI) – Investment analysts at Taglich Brothers lifted their Q3 2024 earnings estimates for Air Industries Group in a report released on Monday, August 26th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of ($0.02) for the quarter, up from their previous forecast of ($0.12). The consensus estimate for Air Industries Group’s current full-year earnings is ($0.65) per share. Taglich Brothers also issued estimates for Air Industries Group’s Q4 2024 earnings at $0.08 EPS, FY2024 earnings at ($0.05) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.26 EPS.

Separately, StockNews.com initiated coverage on Air Industries Group in a research note on Sunday, August 25th. They set a “hold” rating on the stock.

Air Industries Group Stock Down 0.4 %

NYSE:AIRI opened at $5.46 on Thursday. The business’s fifty day moving average price is $3.84 and its 200 day moving average price is $4.45. The firm has a market capitalization of $18.15 million, a price-to-earnings ratio of -8.15 and a beta of 0.25. The company has a current ratio of 1.43, a quick ratio of 0.33 and a debt-to-equity ratio of 0.52. Air Industries Group has a 1-year low of $2.60 and a 1-year high of $9.44.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.30. The firm had revenue of $13.57 million for the quarter, compared to analysts’ expectations of $12.00 million. Air Industries Group had a negative net margin of 4.18% and a negative return on equity of 14.59%.

Air Industries Group Company Profile

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.