AAR (NYSE:AIR) Releases Earnings Results

AAR (NYSE:AIR) released its quarterly earnings data on Monday. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03, Briefing.com reports. The company had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. AAR’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS.

AAR Trading Down 4.5 %

AIR opened at $65.99 on Wednesday. The company has a fifty day moving average price of $64.86 and a two-hundred day moving average price of $66.63. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a market cap of $2.34 billion, a P/E ratio of 38.82 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Tuesday. Stifel Nicolaus cut their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of AAR in a research report on Tuesday. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.