Somewhat Positive Media Coverage Very Likely to Affect AAR Corp. (AIR) Share Price

News coverage about AAR Corp. (NYSE:AIR) has trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AAR Corp. earned a daily sentiment score of 0.24 on AlphaOne’s scale. AlphaOne also gave news headlines about the aerospace company an impact score of 86 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:

Shares of AAR Corp. (NYSE:AIR) traded up 0.81% during midday trading on Friday, hitting $33.60. The company had a trading volume of 199,877 shares. The company has a market capitalization of $1.13 billion, a P/E ratio of 24.54 and a beta of 1.53. The firm’s 50 day moving average is $34.60 and its 200 day moving average is $34.37. AAR Corp. has a 52 week low of $21.78 and a 52 week high of $38.75.

AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $446.70 million during the quarter, compared to the consensus estimate of $421.60 million. AAR Corp. had a net margin of 2.27% and a return on equity of 4.88%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that AAR Corp. will post $1.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Monday, May 1st were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, April 27th. AAR Corp.’s dividend payout ratio (DPR) is presently 26.79%.

Several equities research analysts have recently weighed in on AIR shares. SunTrust Banks, Inc. started coverage on AAR Corp. in a research note on Thursday, January 19th. They issued a “buy” rating and a $38.00 price target for the company. Noble Financial started coverage on AAR Corp. in a research note on Monday, April 3rd. They issued a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $48.75.

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In other news, Director Anthony Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $35.21, for a total transaction of $123,235.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $34.10, for a total transaction of $170,500.00. Following the transaction, the vice president now directly owns 129,030 shares in the company, valued at $4,399,923. The disclosure for this sale can be found here. Company insiders own 8.23% of the company’s stock.

AAR Corp. Company Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

5 Day Chart for NYSE:AIR

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