Brokers Offer Predictions for Air Industries Group’s Q1 2024 Earnings (NYSE:AIRI)

Air Industries Group (NYSE:AIRI) – Taglich Brothers increased their Q1 2024 earnings per share (EPS) estimates for Air Industries Group in a research report issued on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings of ($0.12) per share for the quarter, up from their previous forecast of ($0.21). The consensus estimate for Air Industries Group’s current full-year earnings is ($0.57) per share. Taglich Brothers also issued estimates for Air Industries Group’s Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.29) EPS.

Separately, StockNews.com assumed coverage on Air Industries Group in a research note on Saturday, April 20th. They set a “hold” rating for the company.

Air Industries Group Trading Down 3.0 %

Shares of AIRI stock opened at $4.80 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $4.72 and a two-hundred day moving average price of $3.79. Air Industries Group has a 12-month low of $2.60 and a 12-month high of $6.50. The firm has a market cap of $15.94 million, a P/E ratio of -7.38 and a beta of 0.60.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%. The firm had revenue of $13.47 million during the quarter, compared to analyst estimates of $12.40 million.

Air Industries Group Company Profile

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.