Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) issued its earnings results on Thursday. The aerospace company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03), Bloomberg Earnings reports. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The business had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. The company’s quarterly revenue was up 4.3% on a year-over-year basis.
Aerojet Rocketdyne Holdings (NYSE AJRD) traded down $4.17 during trading hours on Friday, reaching $27.97. The company had a trading volume of 3,020,000 shares, compared to its average volume of 988,672. The firm has a market cap of $2.41 billion, a PE ratio of 33.14, a P/E/G ratio of 6.77 and a beta of 1.43. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.40 and a current ratio of 1.70. Aerojet Rocketdyne Holdings has a 1-year low of $16.14 and a 1-year high of $36.25.
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Several brokerages have recently commented on AJRD. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 target price on shares of Aerojet Rocketdyne Holdings in a research note on Friday. BidaskClub downgraded Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Jefferies Group LLC downgraded Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Monday, October 23rd. Zacks Investment Research cut Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, CL King raised Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Aerojet Rocketdyne Holdings presently has an average rating of “Buy” and an average target price of $35.33.
About Aerojet Rocketdyne Holdings
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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