AAR Corp. (NYSE:AIR) – Research analysts at SunTrust Banks lowered their Q1 2019 earnings estimates for shares of AAR in a report released on Tuesday, September 11th, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $0.50 for the quarter, down from their previous forecast of $0.60. SunTrust Banks has a “Hold” rating and a $47.00 price objective on the stock. SunTrust Banks also issued estimates for AAR’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.69 EPS, FY2019 earnings at $2.63 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.82 EPS, Q4 2020 earnings at $0.91 EPS and FY2020 earnings at $3.07 EPS.
AAR (NYSE:AIR) last posted its earnings results on Tuesday, September 25th. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $466.30 million during the quarter, compared to analysts’ expectations of $452.72 million. AAR had a net margin of 1.08% and a return on equity of 7.27%. AAR’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS.
Other analysts have also recently issued research reports about the stock. Seaport Global Securities restated a “buy” rating and set a $52.00 target price on shares of AAR in a research note on Friday, July 13th. Canaccord Genuity restated a “buy” rating and set a $52.00 target price (up previously from $48.00) on shares of AAR in a research note on Wednesday, July 11th. Noble Financial reiterated a “buy” rating and issued a $57.00 price objective on shares of AAR in a research note on Thursday, September 27th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of AAR from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. AAR has an average rating of “Buy” and a consensus price target of $53.17.
Shares of NYSE AIR traded down $0.41 during mid-day trading on Wednesday, reaching $46.26. 188,297 shares of the company were exchanged, compared to its average volume of 247,577. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 3.12. The stock has a market cap of $1.68 billion, a PE ratio of 25.84 and a beta of 1.21. AAR has a twelve month low of $36.46 and a twelve month high of $51.52.
Several large investors have recently modified their holdings of AIR. Federated Investors Inc. PA raised its position in shares of AAR by 144.1% in the 1st quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock valued at $139,000 after buying an additional 1,857 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of AAR in the 2nd quarter valued at approximately $154,000. BlueMountain Capital Management LLC acquired a new position in shares of AAR in the 2nd quarter valued at approximately $159,000. Adviser Investments LLC acquired a new position in shares of AAR in the 1st quarter valued at approximately $166,000. Finally, Amalgamated Bank acquired a new position in shares of AAR in the 1st quarter valued at approximately $204,000. Institutional investors own 93.92% of the company’s stock.
In other news, Director David P. Storch sold 63,736 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $47.20, for a total value of $3,008,339.20. Following the completion of the transaction, the director now directly owns 705,281 shares in the company, valued at approximately $33,289,263.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Eric Pachapa sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $46.75, for a total transaction of $140,250.00. Following the completion of the transaction, the chief accounting officer now owns 9,626 shares of the company’s stock, valued at $450,015.50. The disclosure for this sale can be found here. Insiders sold a total of 131,778 shares of company stock valued at $6,211,051 in the last quarter. Corporate insiders own 7.43% of the company’s stock.
AAR Company Profile
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.
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