Air Industries Group (NYSEAMERICAN:AIRI) announced its quarterly earnings data on Tuesday. The aerospace company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Bloomberg Earnings reports. The company had revenue of $12.24 million during the quarter, compared to analyst estimates of $17.70 million. Air Industries Group had a negative return on equity of 42.31% and a negative net margin of 16.67%.
Shares of Air Industries Group traded down $0.02, hitting $1.63, during midday trading on Wednesday, MarketBeat Ratings reports. The company had a trading volume of 168 shares, compared to its average volume of 58,574. Air Industries Group has a 1-year low of $1.63 and a 1-year high of $1.63.
Separately, Zacks Investment Research upgraded shares of Air Industries Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th.
Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services.
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