$498.38 Million in Sales Expected for AAR Corp. (NYSE:AIR) This Quarter

Equities research analysts forecast that AAR Corp. (NYSE:AIR) will report $498.38 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for AAR’s earnings, with the highest sales estimate coming in at $523.90 million and the lowest estimate coming in at $484.00 million. AAR reported sales of $466.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next earnings report on Tuesday, September 24th.

According to Zacks, analysts expect that AAR will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.12 billion to $2.19 billion. For the next financial year, analysts expect that the business will post sales of $2.29 billion, with estimates ranging from $2.26 billion to $2.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow AAR.

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

Several analysts have commented on AIR shares. Stifel Nicolaus started coverage on AAR in a research note on Monday, July 8th. They set a “buy” rating and a $50.00 price objective for the company. ValuEngine raised AAR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised AAR from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.17.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its position in AAR by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 50,589 shares of the aerospace company’s stock worth $1,861,000 after purchasing an additional 240 shares during the period. Summit Global Investments increased its position in AAR by 1.4% during the 2nd quarter. Summit Global Investments now owns 22,400 shares of the aerospace company’s stock worth $824,000 after purchasing an additional 300 shares during the period. Royal Bank of Canada increased its position in AAR by 27.8% during the 2nd quarter. Royal Bank of Canada now owns 1,603 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 349 shares during the period. Advisor Group Inc. increased its position in AAR by 94.8% during the 4th quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 362 shares during the period. Finally, Mason Street Advisors LLC increased its position in AAR by 3.6% during the 1st quarter. Mason Street Advisors LLC now owns 10,482 shares of the aerospace company’s stock worth $341,000 after purchasing an additional 362 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

AIR traded up $1.42 on Friday, hitting $42.22. 233,500 shares of the company traded hands, compared to its average volume of 207,112. The company has a 50 day moving average of $40.44 and a 200-day moving average of $35.64. The company has a quick ratio of 1.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.47 billion, a PE ratio of 17.89 and a beta of 1.18. AAR has a 12-month low of $29.84 and a 12-month high of $51.52.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, July 18th. AAR’s dividend payout ratio is presently 12.71%.

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.

Read More: What is a Stop Order?

Get a free copy of the Zacks research report on AAR (AIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.