AAR (NYSE:AIR) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

AAR (NYSE:AIR) posted its quarterly earnings results on Tuesday. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07, Zacks reports. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share.

AAR Price Performance

Shares of AAR stock traded down $0.32 during trading hours on Tuesday, reaching $61.81. 452,033 shares of the company’s stock were exchanged, compared to its average volume of 278,381. The business has a fifty day moving average of $64.54 and a two-hundred day moving average of $65.36. The company has a market capitalization of $2.22 billion, a P/E ratio of 33.96 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $83.00 target price on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

About AAR

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.