Wall Street analysts expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to report earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Aerojet Rocketdyne posted earnings per share of $0.45 in the same quarter last year, which would indicate a negative year over year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $1.67 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.72 to $1.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.17. Aerojet Rocketdyne had a net margin of 8.55% and a return on equity of 34.95%. The firm had revenue of $491.70 million during the quarter, compared to the consensus estimate of $478.20 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. NEXT Financial Group Inc bought a new position in shares of Aerojet Rocketdyne in the 2nd quarter worth about $43,000. Manchester Capital Management LLC purchased a new stake in shares of Aerojet Rocketdyne during the 1st quarter valued at about $36,000. Pearl River Capital LLC purchased a new stake in shares of Aerojet Rocketdyne during the 1st quarter valued at about $64,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Aerojet Rocketdyne during the 1st quarter valued at about $82,000. Finally, Nikko Asset Management Americas Inc. boosted its holdings in shares of Aerojet Rocketdyne by 383.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 5,024 shares of the aerospace company’s stock worth $179,000 after buying an additional 3,985 shares during the last quarter.
AJRD traded down $0.32 during midday trading on Friday, hitting $43.74. The company had a trading volume of 254,458 shares, compared to its average volume of 806,712. The stock has a market cap of $3.46 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 4.68 and a beta of 0.58. The stock’s 50 day simple moving average is $43.50. Aerojet Rocketdyne has a 52 week low of $27.69 and a 52 week high of $46.82. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.
About Aerojet Rocketdyne
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
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