AAR Corp. (AIR) Expected to Announce Earnings of $0.57 Per Share

Analysts expect AAR Corp. (NYSE:AIR) to report earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AAR’s earnings, with estimates ranging from $0.54 to $0.60. AAR posted earnings per share of $0.31 during the same quarter last year, which indicates a positive year over year growth rate of 83.9%. The company is expected to announce its next earnings report on Tuesday, September 18th.

On average, analysts expect that AAR will report full year earnings of $2.71 per share for the current year, with EPS estimates ranging from $2.62 to $2.79. For the next financial year, analysts expect that the firm will report earnings of $3.22 per share, with EPS estimates ranging from $3.14 to $3.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover AAR.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, July 10th. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $474.00 million during the quarter, compared to the consensus estimate of $483.51 million. AAR had a return on equity of 6.39% and a net margin of 0.85%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS.

AIR has been the subject of a number of recent analyst reports. Seaport Global Securities restated a “buy” rating and issued a $52.00 price objective on shares of AAR in a research note on Friday, July 13th. Canaccord Genuity restated a “buy” rating and issued a $52.00 price objective (up previously from $48.00) on shares of AAR in a research note on Wednesday, July 11th. Finally, Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.60.

In other news, Director David P. Storch sold 11,764 shares of the stock in a transaction on Friday, July 20th. The stock was sold at an average price of $47.07, for a total transaction of $553,731.48. Following the completion of the transaction, the director now owns 819,945 shares in the company, valued at approximately $38,594,811.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Eric Pachapa sold 3,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $46.75, for a total value of $140,250.00. Following the transaction, the chief accounting officer now owns 9,626 shares of the company’s stock, valued at approximately $450,015.50. The disclosure for this sale can be found here. Insiders have sold a total of 102,739 shares of company stock valued at $4,850,280 in the last quarter. 9.33% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in AAR by 92.5% in the 1st quarter. SG Americas Securities LLC now owns 4,972 shares of the aerospace company’s stock worth $219,000 after purchasing an additional 2,389 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in AAR by 2.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 334,625 shares of the aerospace company’s stock worth $14,761,000 after purchasing an additional 8,721 shares during the period. Wells Fargo & Company MN boosted its stake in AAR by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 53,177 shares of the aerospace company’s stock worth $2,090,000 after purchasing an additional 9,899 shares during the period. Thrivent Financial for Lutherans boosted its stake in AAR by 9.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 21,746 shares of the aerospace company’s stock worth $959,000 after purchasing an additional 1,793 shares during the period. Finally, Ceredex Value Advisors LLC bought a new position in AAR in the 1st quarter worth about $23,557,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

AAR traded down $0.58, reaching $46.04, during trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 109,423 shares, compared to its average volume of 169,150. The company has a market capitalization of $1.62 billion, a PE ratio of 27.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.45. AAR has a 12 month low of $34.25 and a 12 month high of $49.05.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, July 20th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.65%. AAR’s payout ratio is 16.76%.

About AAR

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.

See Also: Outstanding Shares and The Effect on Share Price

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Earnings History and Estimates for AAR (NYSE:AIR)

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