Wall Street analysts expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to announce $481.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Aerojet Rocketdyne’s earnings, with the highest sales estimate coming in at $495.10 million and the lowest estimate coming in at $467.20 million. Aerojet Rocketdyne posted sales of $467.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The company is scheduled to report its next earnings results on Monday, July 29th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.92 billion to $1.99 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.07 billion, with estimates ranging from $2.04 billion to $2.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.17. The business had revenue of $491.70 million for the quarter, compared to the consensus estimate of $478.20 million. Aerojet Rocketdyne had a net margin of 8.55% and a return on equity of 34.95%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS.
Shares of Aerojet Rocketdyne stock opened at $44.77 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average is $39.46. The stock has a market cap of $3.37 billion, a P/E ratio of 23.20, a P/E/G ratio of 4.66 and a beta of 0.49. Aerojet Rocketdyne has a 12-month low of $27.69 and a 12-month high of $44.94.
A number of institutional investors have recently modified their holdings of AJRD. Comerica Bank lifted its stake in Aerojet Rocketdyne by 4.0% during the fourth quarter. Comerica Bank now owns 70,082 shares of the aerospace company’s stock worth $2,733,000 after purchasing an additional 2,681 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Aerojet Rocketdyne during the fourth quarter worth about $965,000. Prudential Financial Inc. lifted its stake in Aerojet Rocketdyne by 1.5% during the fourth quarter. Prudential Financial Inc. now owns 117,257 shares of the aerospace company’s stock worth $4,131,000 after purchasing an additional 1,780 shares during the period. LPL Financial LLC bought a new position in Aerojet Rocketdyne during the fourth quarter worth about $248,000. Finally, Texas Permanent School Fund lifted its stake in Aerojet Rocketdyne by 7.7% during the fourth quarter. Texas Permanent School Fund now owns 47,140 shares of the aerospace company’s stock worth $1,661,000 after purchasing an additional 3,378 shares during the period.
Aerojet Rocketdyne Company Profile
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
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