Wall Street brokerages expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to announce earnings of $0.36 per share for the current quarter, according to Zacks. Two analysts have made estimates for Aerojet Rocketdyne’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.39. Aerojet Rocketdyne reported earnings of $0.16 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 125%. The firm is expected to report its next earnings report on Wednesday, February 20th.
On average, analysts expect that Aerojet Rocketdyne will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.85. For the next financial year, analysts expect that the company will post earnings of $1.46 per share, with EPS estimates ranging from $1.31 to $1.60. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Aerojet Rocketdyne.
A number of brokerages recently weighed in on AJRD. Zacks Investment Research cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. Finally, Credit Suisse Group upgraded shares of Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a research note on Monday, January 14th. One equities research analyst has 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 price target of $43.00.
Shares of NYSE AJRD traded up $0.30 during mid-day trading on Friday, reaching $40.18. The company had a trading volume of 761,616 shares, compared to its average volume of 830,744. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 4.95 and a beta of 0.80. Aerojet Rocketdyne has a 52-week low of $25.06 and a 52-week high of $40.99.
Aerojet Rocketdyne Company Profile
Aerojet Rocketdyne Holdings, Inc engages in the provision of innovative solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace & Defense, and Real Estate. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc in developing and manufacturing of aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector.
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