FY2024 Earnings Estimate for AIRI Issued By Taglich Brothers

Air Industries Group (NYSE:AIRI) – Stock analysts at Taglich Brothers decreased their FY2024 earnings estimates for Air Industries Group in a research report issued to clients and investors on Monday, December 2nd. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of ($0.21) for the year, down from their previous estimate of ($0.05). The consensus estimate for Air Industries Group’s current full-year earnings is ($0.05) per share. Taglich Brothers also issued estimates for Air Industries Group’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at ($0.07) EPS.

Separately, StockNews.com cut shares of Air Industries Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Air Industries Group Price Performance

AIRI stock opened at $4.46 on Thursday. The company has a fifty day moving average price of $5.41 and a 200-day moving average price of $4.65. The company has a market capitalization of $14.98 million, a P/E ratio of -24.78 and a beta of 0.25. Air Industries Group has a 52-week low of $2.90 and a 52-week high of $9.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 1.44.

Hedge Funds Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Virtu Financial LLC bought a new position in Air Industries Group (NYSE:AIRI) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 10,717 shares of the company’s stock, valued at approximately $60,000. Virtu Financial LLC owned 0.32% of Air Industries Group as of its most recent SEC filing. 42.68% of the stock is owned by institutional investors.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.