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

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

AAR Stock Down 0.3 %

Shares of AIR stock opened at $69.09 on Tuesday. The stock has a 50 day moving average of $65.05 and a 200-day moving average of $66.62. The firm has a market cap of $2.45 billion, a PE ratio of 40.64 and a beta of 1.55. 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 12 month low of $54.71 and a 12 month high of $76.34.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Stifel Nicolaus dropped their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Finally, StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.