AAR (NYSE:AIR) Posts Earnings Results, Beats Expectations By $0.03 EPS

AAR (NYSE:AIR) posted its quarterly earnings data on Thursday. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03, Briefing.com reports. The company had revenue of $678.20 million during the quarter, compared to analysts’ expectations of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share.

AAR Price Performance

Shares of NYSE AIR opened at $68.24 on Friday. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 243.73 and a beta of 1.58. The firm has a 50-day moving average of $66.95 and a two-hundred day moving average of $65.49. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

Insider Activity at AAR

In related news, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. This represents a 34.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,793 shares of company stock worth $12,538,396. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIR. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. KeyCorp began coverage on AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AAR currently has an average 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.