AAR (AIR) Projected to Post Quarterly Earnings on Thursday

AAR (NYSE:AIR) is expected to be announcing its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $699.13 million for the quarter.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AAR Stock Up 1.5 %

Shares of NYSE:AIR opened at $66.38 on Thursday. AAR has a 1 year low of $54.71 and a 1 year high of $76.34. The business has a 50 day simple moving average of $66.40 and a two-hundred day simple moving average of $65.24. The firm has a market capitalization of $2.38 billion, a PE ratio of 237.07 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27.

Wall Street Analysts Forecast Growth

AIR has been the subject of several recent analyst reports. KeyCorp initiated coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.50.

Insider Buying and Selling

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.76, for a total value of $8,573,786.52. Following the sale, the chief executive officer now directly owns 346,680 shares in the company, valued at $23,144,356.80. This trade represents a 27.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last quarter. 4.10% of the stock is owned by corporate insiders.

About AAR

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.