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

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.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Aerojet Rocketdyne by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,346,542 shares of the aerospace company’s stock worth $249,710,000 after acquiring an additional 200,087 shares during the period. Vanguard Group Inc lifted its stake in shares of Aerojet Rocketdyne by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 7,346,542 shares of the aerospace company’s stock worth $249,710,000 after acquiring an additional 200,087 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aerojet Rocketdyne by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,467,725 shares of the aerospace company’s stock worth $86,937,000 after acquiring an additional 54,328 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Aerojet Rocketdyne by 3.5% in the 4th quarter. Eagle Asset Management Inc. now owns 2,122,508 shares of the aerospace company’s stock worth $74,775,000 after acquiring an additional 72,151 shares during the period. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of Aerojet Rocketdyne by 40.5% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,860,944 shares of the aerospace company’s stock worth $63,253,000 after acquiring an additional 536,697 shares during the period.

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.

Featured Article: What is an SEC Filing?

Get a free copy of the Zacks research report on Aerojet Rocketdyne (AJRD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne 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 reddit