AAR (NYSE:AIR) Announces Earnings Results

AAR (NYSE:AIR) announced its quarterly earnings results on Monday. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19, Zacks reports. The company had revenue of $918.00 million during the quarter, compared to the consensus estimate of $882.39 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.

AAR Stock Performance

AIR traded down $0.53 during trading on Monday, hitting $115.58. The stock had a trading volume of 566,531 shares, compared to its average volume of 465,359. AAR has a twelve month low of $76.10 and a twelve month high of $154.00. The firm has a market capitalization of $4.61 billion, a P/E ratio of 23.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The company’s 50-day moving average price is $132.55 and its 200 day moving average price is $123.80.

Analyst Ratings Changes

AIR has been the topic of a number of research analyst reports. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Jefferies Financial Group increased their target price on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Guggenheim initiated coverage on shares of AAR in a research report on Monday, September 14th. They issued a “neutral” rating for the company. Finally, KeyCorp restated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.60.

About AAR

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.