AAR (NYSE:AIR) Issues Quarterly Earnings Results

AAR (NYSE:AIR) posted its quarterly earnings results on Monday. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03, Briefing.com reports. AAR had a net margin of 2.00% and a return on equity of 10.16%. The firm had revenue of $661.70 million during the quarter, compared to analysts’ expectations of $645.60 million. During the same period in the prior year, the company posted $0.78 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

AAR Stock Down 0.3 %

Shares of NYSE:AIR opened at $69.09 on Tuesday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 40.64 and a beta of 1.55. The company has a 50 day moving average of $65.05 and a two-hundred day moving average of $66.62. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. AAR has a 52-week low of $54.71 and a 52-week high of $76.34.

Analyst Upgrades and Downgrades

AIR has been the subject of several research reports. Stifel Nicolaus reduced their price objective on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price target on shares of AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, AAR has an average rating of “Moderate Buy” and a consensus target price of $83.50.

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.