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

AAR (NYSE:AIR) released its quarterly earnings results on Monday. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03, Briefing.com reports. The business had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS.

AAR Stock Performance

Shares of AAR stock opened at $65.99 on Wednesday. The company has a 50 day moving average of $64.86 and a 200-day moving average of $66.63. The company has a market cap of $2.34 billion, a PE ratio of 38.82 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. AAR has a 1-year low of $54.71 and a 1-year high of $76.34.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AIR shares. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price target on shares of AAR in a research note on Tuesday. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Stifel Nicolaus dropped their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Tuesday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, AAR presently has an average rating of “Moderate Buy” and an average 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.