AAR (AIR) Announces Earnings Results

AAR (NYSE:AIR) announced its quarterly earnings results on Thursday. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02), Briefing.com reports. AAR had a net margin of 3.20% and a return on equity of 5.66%. The firm had revenue of $449.70 million during the quarter, compared to analyst estimates of $450.56 million. During the same period last year, the firm earned $0.35 EPS. AAR’s quarterly revenue was up 6.1% on a year-over-year basis.

AAR (NYSE:AIR) opened at $43.95 on Friday. The firm has a market cap of $1,489.79, a price-to-earnings ratio of 29.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. AAR has a one year low of $31.20 and a one year high of $44.04.

In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $33.47, for a total transaction of $100,410.00. Following the sale, the director now directly owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.33% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the stock. Canaccord Genuity reissued a “hold” rating and issued a $40.00 price target on shares of AAR in a report on Friday, October 13th. Zacks Investment Research raised shares of AAR from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. SunTrust Banks boosted their price target on shares of AAR to $50.00 and gave the company a “buy” rating in a report on Monday, December 4th. Finally, Seaport Global Securities initiated coverage on shares of AAR in a report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.25.

TRADEMARK VIOLATION WARNING: “AAR (AIR) Announces Earnings Results” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/12/22/aar-air-announces-earnings-results.html.

About AAR

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Earnings History for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit