AAR (NYSE:AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

AAR (NYSE:AIR) released its quarterly earnings data on Thursday. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03, Briefing.com reports. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year.

AAR Stock Performance

Shares of AIR opened at $57.14 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $66.69 and its two-hundred day simple moving average is $65.43. AAR has a 12 month low of $54.71 and a 12 month high of $76.34. The stock has a market capitalization of $2.05 billion, a P/E ratio of 204.08 and a beta of 1.58.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AIR shares. StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial decreased their price objective on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a report on Friday. Finally, KeyCorp started coverage on AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AAR has a consensus rating of “Moderate Buy” and a consensus price target of $80.80.

Insider Transactions at AAR

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

About AAR

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.