AAR (NYSE:AIR) Announces 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. The company had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS.

AAR Price Performance

Shares of AIR stock opened at $65.99 on Wednesday. AAR has a one year low of $54.71 and a one year high of $76.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.98 and a quick ratio of 1.41. The stock’s fifty day simple moving average is $64.86 and its 200 day simple moving average is $66.63. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 38.82 and a beta of 1.55.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of AAR in a research report on Tuesday. Stifel Nicolaus reduced their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, Benchmark reiterated a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Tuesday. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

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.