AAR Corp. (NYSE:AIR) is set to announce its earnings results after the market closes on Tuesday, September 19th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings results on Tuesday, July 11th. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $492.30 million during the quarter, compared to the consensus estimate of $486.93 million. AAR Corp. had a net margin of 3.20% and a return on equity of 5.69%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, analysts expect AAR Corp. to post $1.78 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Shares of AAR Corp. (NYSE AIR) opened at 35.26 on Friday. The stock’s 50 day moving average is $35.79 and its 200-day moving average is $35.05. The stock has a market capitalization of $1.19 billion, a P/E ratio of 21.58 and a beta of 1.39. AAR Corp. has a one year low of $27.42 and a one year high of $38.75.
AAR Corp. announced that its board has approved a share repurchase plan on Tuesday, July 11th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 20.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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A number of analysts have commented on the stock. Seaport Global Securities assumed coverage on shares of AAR Corp. in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded AAR Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Canaccord Genuity started coverage on AAR Corp. in a report on Wednesday, September 6th. They issued a “hold” rating and a $40.00 target price on the stock. Noble Financial reiterated a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. Finally, BidaskClub downgraded AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. AAR Corp. has a consensus rating of “Hold” and a consensus price target of $44.71.
In other news, VP Robert J. Regan sold 28,640 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $36.53, for a total value of $1,046,219.20. Following the transaction, the vice president now owns 114,193 shares in the company, valued at approximately $4,171,470.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $37.28, for a total value of $1,610,496.00. Following the completion of the transaction, the insider now owns 317,665 shares in the company, valued at approximately $11,842,551.20. The disclosure for this sale can be found here. Insiders sold a total of 91,840 shares of company stock worth $3,401,115 in the last quarter. 9.33% of the stock is owned by corporate insiders.
About AAR Corp.
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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