AAR (AIR) Expected to Announce Quarterly Earnings on Thursday

AAR (NYSE:AIR) is anticipated to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect AAR to post earnings of $0.96 per share and revenue of $699.13 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AAR Trading Down 0.3 %

Shares of AIR opened at $69.75 on Wednesday. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The stock has a market capitalization of $2.51 billion, a PE ratio of 249.12 and a beta of 1.58. The company’s fifty day moving average is $66.99 and its 200 day moving average is $65.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68.

Insiders Place Their Bets

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at approximately $2,513,098.50. The trade was a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares in the company, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AIR has been the subject of several analyst reports. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. KeyCorp began coverage on AAR in a research note on Thursday, January 16th. They set an “overweight” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and an average target price of $81.50.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.