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

AAR (NYSE:AIR) issued its quarterly earnings data on Thursday. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03, Briefing.com reports. The firm had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS.

AAR Stock Performance

NYSE AIR traded down $1.46 during trading hours on Thursday, hitting $68.24. The company had a trading volume of 416,307 shares, compared to its average volume of 265,801. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.45 billion, a P/E ratio of 243.73 and a beta of 1.58. The business has a fifty day simple moving average of $66.99 and a 200-day simple moving average of $65.47.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,513,098.50. The trade was a 3.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $70.81, for a total value of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares in the company, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock valued at $12,538,396 in the last three months. 4.10% of the stock is currently owned by corporate insiders.

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.