Aerojet Rocketdyne Holdings (AJRD) Earns News Sentiment Rating of 0.12

Media headlines about Aerojet Rocketdyne Holdings (NYSE:AJRD) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Aerojet Rocketdyne Holdings earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 45.5903543227757 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Aerojet Rocketdyne Holdings (NYSE AJRD) traded up $0.40 during midday trading on Thursday, reaching $29.27. The company had a trading volume of 301,648 shares, compared to its average volume of 600,688. The firm has a market cap of $2,170.00, a PE ratio of 35.54, a price-to-earnings-growth ratio of 6.31 and a beta of 1.43. Aerojet Rocketdyne Holdings has a 12 month low of $17.56 and a 12 month high of $36.25. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. Aerojet Rocketdyne Holdings had a return on equity of 60.91% and a net margin of 3.24%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts anticipate that Aerojet Rocketdyne Holdings will post 0.84 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. BidaskClub raised Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. CL King raised Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research raised Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, August 8th. Jefferies Group LLC cut Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a report on Monday, October 23rd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 price target on shares of Aerojet Rocketdyne Holdings in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.33.

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In other Aerojet Rocketdyne Holdings news, Director James H. Perry sold 25,001 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the transaction, the director now owns 166,959 shares of the company’s stock, valued at $5,008,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Henderson sold 53,234 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $29.97, for a total value of $1,595,422.98. Following the transaction, the director now directly owns 113,341 shares of the company’s stock, valued at approximately $3,396,829.77. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

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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