AAR (NYSE:AIR) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.50-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57. The company issued revenue guidance of $2.01-2.03 billion, compared to the consensus revenue estimate of $2.05 billion.AAR also updated its FY19 guidance to $2.50-2.57 EPS.
Shares of AAR stock opened at $35.10 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.02 and a quick ratio of 1.59. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 19.61 and a beta of 1.02. AAR has a 1-year low of $32.87 and a 1-year high of $51.52.
AAR (NYSE:AIR) last issued its earnings results on Tuesday, December 18th. The aerospace company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $493.30 million during the quarter, compared to the consensus estimate of $502.10 million. AAR had a return on equity of 8.15% and a net margin of 2.63%. On average, sell-side analysts forecast that AAR will post 2.5 earnings per share for the current year.
In related news, Director David P. Storch sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $38.72, for a total value of $1,161,600.00. Following the transaction, the director now owns 612,822 shares of the company’s stock, valued at approximately $23,728,467.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.43% of the stock is currently owned by company insiders.
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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