Brokerages predict that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will post sales of $537.40 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Aerojet Rocketdyne’s earnings. The highest sales estimate is $555.00 million and the lowest is $526.00 million. Aerojet Rocketdyne reported sales of $532.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The business is expected to report its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Aerojet Rocketdyne will report full year sales of $537.40 million for the current year, with estimates ranging from $1.88 billion to $1.90 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.96 billion per share, with estimates ranging from $1.93 billion to $1.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. Aerojet Rocketdyne’s revenue for the quarter was up 4.3% compared to the same quarter last year.
Aerojet Rocketdyne (NYSE:AJRD) traded down $1.30 during trading hours on Friday, reaching $25.13. The company’s stock had a trading volume of 1,377,100 shares, compared to its average volume of 808,026. Aerojet Rocketdyne has a 1 year low of $18.41 and a 1 year high of $36.25. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $1,980.00, a PE ratio of 30.36, a price-to-earnings-growth ratio of 5.19 and a beta of 1.12.
In related news, Director James R. Henderson sold 53,234 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the completion of the transaction, the director now directly owns 113,341 shares of the company’s stock, valued at $3,396,829.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Turchin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock valued at $2,652,753 over the last ninety days. 2.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in Aerojet Rocketdyne in the third quarter valued at approximately $101,000. IFP Advisors Inc raised its stake in Aerojet Rocketdyne by 1,129.9% in the fourth quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock valued at $111,000 after buying an additional 3,254 shares during the period. Ameritas Investment Partners Inc. raised its stake in Aerojet Rocketdyne by 18.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock valued at $126,000 after buying an additional 925 shares during the period. Fortaleza Asset Management Inc. bought a new stake in Aerojet Rocketdyne in the third quarter valued at approximately $136,000. Finally, Advisor Group Inc. raised its stake in Aerojet Rocketdyne by 0.4% in the second quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after buying an additional 35 shares during the period. 98.01% of the stock is owned by hedge funds and other institutional investors.
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About Aerojet Rocketdyne
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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