AAR Corp. (NYSE:AIR) Expected to Post Earnings of $0.52 Per Share

Wall Street brokerages forecast that AAR Corp. (NYSE:AIR) will announce $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for AAR’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. AAR reported earnings of $0.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.7%. The firm is expected to report its next quarterly earnings results on Tuesday, September 24th.

According to Zacks, analysts expect that AAR will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.60. For the next financial year, analysts forecast that the business will post earnings of $2.94 per share, with EPS estimates ranging from $2.92 to $2.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow AAR.

AAR (NYSE:AIR) last released its quarterly earnings data on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. AAR had a net margin of 0.37% and a return on equity of 9.75%. The business had revenue of $562.70 million for the quarter, compared to the consensus estimate of $529.49 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis.

A number of brokerages recently issued reports on AIR. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Stifel Nicolaus began coverage on shares of AAR in a report on Monday, July 8th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.17.

Shares of NYSE AIR opened at $42.16 on Tuesday. The business’s fifty day moving average price is $35.88. AAR has a 1 year low of $29.84 and a 1 year high of $51.52. The stock has a market capitalization of $1.48 billion, a P/E ratio of 16.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 18th. AAR’s dividend payout ratio (DPR) is presently 12.71%.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position in AAR by 94.8% during the fourth quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 362 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in AAR during the first quarter worth $26,000. Pearl River Capital LLC acquired a new position in AAR during the first quarter worth $36,000. AlphaOne Investment Services LLC raised its position in AAR by 73.5% during the first quarter. AlphaOne Investment Services LLC now owns 1,617 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 685 shares during the period. Finally, Hsbc Holdings PLC raised its position in AAR by 7.0% during the fourth quarter. Hsbc Holdings PLC now owns 5,963 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 391 shares during the period. Institutional investors own 89.46% 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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