AAR (AIR) Set to Announce Earnings on Monday

AAR (NYSE:AIR) will post its quarterly earnings results after the market closes on Monday, September 23rd. Analysts expect AAR to post earnings of $0.87 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

AAR (NYSE:AIR) last announced its earnings results on Thursday, July 18th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The business had revenue of $656.50 million during the quarter, compared to the consensus estimate of $660.05 million. During the same period in the prior year, the business posted $0.83 earnings per share. AAR’s revenue was up 18.7% compared to the same quarter last year. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AAR Trading Down 0.4 %

NYSE AIR opened at $69.28 on Friday. The firm’s 50 day moving average price is $65.15 and its two-hundred day moving average price is $66.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 40.75 and a beta of 1.55. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AIR. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Royal Bank of Canada upped their price target on AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus cut their price objective on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.50.

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.