AAR (AIR) to Release Earnings on Thursday

AAR (NYSE:AIR) will likely be posting its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect AAR to post earnings of $0.96 per share and revenue of $699.13 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AAR Stock Performance

Shares of AAR stock opened at $69.90 on Tuesday. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The firm has a fifty day moving average of $66.99 and a two-hundred day moving average of $65.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 249.67 and a beta of 1.58.

Insiders Place Their Bets

In other AAR news, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This represents a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last 90 days. 4.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AIR has been the topic of several analyst reports. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. KeyCorp began coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

AAR Company Profile

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.