Q1 2020 EPS Estimates for AAR Corp. Lowered by SunTrust Banks (AIR)

AAR Corp. (NYSE:AIR) – SunTrust Banks cut their Q1 2020 earnings per share (EPS) estimates for AAR in a report issued on Tuesday, September 25th. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.60. SunTrust Banks has a “Hold” rating and a $47.00 price target on the stock. SunTrust Banks also issued estimates for AAR’s Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.88 EPS and FY2020 earnings at $3.00 EPS.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 25th. The aerospace company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. AAR had a net margin of 1.08% and a return on equity of 7.29%. The company had revenue of $466.30 million for the quarter, compared to analyst estimates of $452.72 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of AAR in a research note on Wednesday, July 11th. ValuEngine lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Noble Financial reaffirmed a “buy” rating and issued a $57.00 price objective on shares of AAR in a research note on Thursday. Zacks Investment Research raised shares of AAR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $52.00 price objective on shares of AAR in a research note on Friday, July 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $52.00.

NYSE:AIR opened at $46.19 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 2.83. AAR has a 52 week low of $36.46 and a 52 week high of $51.52. The firm has a market capitalization of $1.61 billion, a PE ratio of 26.33 and a beta of 1.24.

In related news, VP Robert J. Regan sold 24,239 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $47.36, for a total transaction of $1,147,959.04. Following the transaction, the vice president now owns 116,777 shares in the company, valued at approximately $5,530,558.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Eric Pachapa sold 3,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $46.75, for a total transaction of $140,250.00. Following the transaction, the chief accounting officer now owns 9,626 shares in the company, valued at approximately $450,015.50. The disclosure for this sale can be found here. Insiders have sold a total of 102,739 shares of company stock worth $4,850,280 in the last quarter. 7.43% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd lifted its position in shares of AAR by 27.5% during the 2nd quarter. WINTON GROUP Ltd now owns 7,665 shares of the aerospace company’s stock valued at $356,000 after acquiring an additional 1,651 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of AAR by 9.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 21,746 shares of the aerospace company’s stock valued at $959,000 after acquiring an additional 1,793 shares during the period. Federated Investors Inc. PA lifted its position in shares of AAR by 144.1% during the 1st quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 1,857 shares during the period. Aperio Group LLC lifted its position in shares of AAR by 11.5% during the 2nd quarter. Aperio Group LLC now owns 18,397 shares of the aerospace company’s stock valued at $855,000 after acquiring an additional 1,897 shares during the period. Finally, MetLife Investment Advisors LLC lifted its position in shares of AAR by 17.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 16,195 shares of the aerospace company’s stock valued at $753,000 after acquiring an additional 2,365 shares during the period. Institutional investors own 93.92% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Earnings History and Estimates for AAR (NYSE:AIR)

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