AAR Corp. to Issue Quarterly Dividend of $0.08 (AIR)

AAR Corp. (NYSE:AIR) declared a quarterly dividend on Tuesday, January 9th, RTT News reports. Investors of record on Monday, January 22nd will be paid a dividend of 0.075 per share by the aerospace company on Monday, February 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.77%.

AAR has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AAR to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.6%.

Shares of AAR (NYSE AIR) traded down $0.45 during midday trading on Wednesday, hitting $38.73. The company had a trading volume of 198,200 shares, compared to its average volume of 305,333. The company has a quick ratio of 1.23, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,350.00, a price-to-earnings ratio of 84.20 and a beta of 1.36. AAR has a twelve month low of $31.20 and a twelve month high of $44.04.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AAR had a negative return on equity of 9.86% and a negative net margin of 5.00%. The company had revenue of $449.70 million for the quarter, compared to analyst estimates of $450.56 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. equities analysts anticipate that AAR will post 1.81 EPS for the current year.

In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now owns 23,406 shares in the company, valued at $783,398.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.33% of the stock is owned by company insiders.

AIR has been the subject of several recent analyst reports. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Seaport Global Securities initiated coverage on AAR in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price objective for the company. SunTrust Banks increased their price objective on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. Finally, Noble Financial restated a “buy” rating on shares of AAR in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. AAR has an average rating of “Hold” and an average price target of $42.25.

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About AAR

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.

Dividend History for AAR (NYSE:AIR)

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