AAR Corp. (AIR) Expected to Post Earnings of $0.57 Per Share

Wall Street analysts expect that AAR Corp. (NYSE:AIR) will report earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AAR’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.56. AAR posted earnings of $0.35 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 62.9%. The firm is expected to announce its next earnings report on Thursday, December 20th.

On average, analysts expect that AAR will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.64 to $2.72. For the next financial year, analysts forecast that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $2.98 to $3.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover AAR.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, September 25th. The aerospace company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. AAR had a return on equity of 7.27% and a net margin of 1.08%. The company had revenue of $466.30 million for the quarter, compared to analyst estimates of $452.72 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year.

A number of research analysts have weighed in on AIR shares. SunTrust Banks lowered AAR from a “buy” rating to a “hold” rating and reduced their price target for the stock from $50.00 to $47.00 in a research note on Tuesday, September 11th. Canaccord Genuity upped their price objective on AAR from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Zacks Investment Research downgraded AAR from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine downgraded AAR from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Noble Financial restated a “buy” rating and set a $57.00 price objective on shares of AAR in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.17.

Shares of AAR stock opened at $43.69 on Thursday. AAR has a fifty-two week low of $36.46 and a fifty-two week high of $51.52. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 24.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 3.12.

The business also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Monday, October 22nd were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, October 19th. This represents a $0.30 annualized dividend and a yield of 0.69%. AAR’s dividend payout ratio is currently 16.76%.

In related news, Director Ronald B. Woodard sold 10,239 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $46.64, for a total value of $477,546.96. Following the completion of the sale, the director now directly owns 12,482 shares in the company, valued at approximately $582,160.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David P. Storch sold 18,800 shares of the stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $46.98, for a total value of $883,224.00. Following the completion of the sale, the director now owns 619,222 shares of the company’s stock, valued at $29,091,049.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,609 shares of company stock valued at $2,354,979. 7.43% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in AAR by 5.7% in the 3rd quarter. BlackRock Inc. now owns 5,945,256 shares of the aerospace company’s stock valued at $284,718,000 after purchasing an additional 321,325 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AAR by 2.5% during the third quarter. Vanguard Group Inc. now owns 3,266,895 shares of the aerospace company’s stock valued at $156,452,000 after acquiring an additional 79,403 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AAR by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,952,287 shares of the aerospace company’s stock valued at $141,384,000 after acquiring an additional 41,766 shares in the last quarter. Northern Trust Corp grew its stake in shares of AAR by 3.0% during the second quarter. Northern Trust Corp now owns 1,311,473 shares of the aerospace company’s stock valued at $60,970,000 after acquiring an additional 38,166 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of AAR by 6.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,187,345 shares of the aerospace company’s stock valued at $56,861,000 after acquiring an additional 75,400 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Earnings History and Estimates for AAR (NYSE:AIR)

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