Aerojet Rocketdyne Holdings Inc (AJRD) Expected to Announce Earnings of $0.36 Per Share

Analysts expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to post $0.36 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.39. Aerojet Rocketdyne posted earnings of $0.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 125%. The business is scheduled to report its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.79 to $1.85. For the next financial year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.31 to $1.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last released its earnings results on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. Aerojet Rocketdyne had a net margin of 3.11% and a return on equity of 42.70%. The company had revenue of $497.20 million for the quarter, compared to the consensus estimate of $479.64 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue was up 3.0% compared to the same quarter last year.

A number of research firms have issued reports on AJRD. Zacks Investment Research restated a “buy” rating and set a $34.00 target price on shares of Aerojet Rocketdyne in a research report on Monday, November 12th. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, SunTrust Banks increased their price target on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st.

Aerojet Rocketdyne stock opened at $35.21 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.24 and a current ratio of 1.24. Aerojet Rocketdyne has a 1 year low of $24.41 and a 1 year high of $38.92. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

In related news, Director Martin Turchin sold 5,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the director now directly owns 85,650 shares in the company, valued at approximately $3,235,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

Several large investors have recently made changes to their positions in AJRD. Benjamin F. Edwards & Company Inc. raised its position in shares of Aerojet Rocketdyne by 801.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 3,447 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $207,000. WINTON GROUP Ltd acquired a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $222,000. Alambic Investment Management L.P. acquired a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $224,000. Finally, M Holdings Securities Inc. acquired a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $224,000.

Aerojet Rocketdyne Company Profile

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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Earnings History and Estimates for Aerojet Rocketdyne (NYSE:AJRD)

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