AAR (AIR) Scheduled to Post Earnings on Monday

AAR (NYSE:AIR) is set to announce its earnings results after the market closes on Monday, September 23rd. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

AAR (NYSE:AIR) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $656.50 million during the quarter, compared to analyst estimates of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AAR Stock Down 0.4 %

Shares of AAR stock opened at $69.28 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $65.15 and a 200 day moving average price of $66.59. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The firm has a market cap of $2.45 billion, a P/E ratio of 40.75 and a beta of 1.55.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reduced 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. Finally, Royal Bank of Canada boosted their price objective on shares of AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.50.

About AAR

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.