$0.46 EPS Expected for Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) This Quarter

Wall Street brokerages expect that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will report earnings per share of $0.46 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. Aerojet Rocketdyne posted earnings per share of $0.33 in the same quarter last year, which suggests a positive year over year growth rate of 39.4%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 18th.

According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.86 to $1.88. For the next year, analysts expect that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.82 to $2.17. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.09). The business had revenue of $481.80 million during the quarter, compared to analyst estimates of $505.47 million. Aerojet Rocketdyne had a net margin of 7.34% and a return on equity of 27.14%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS.

AJRD has been the topic of a number of research analyst reports. Jefferies Financial Group raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating and raised their target price for the company from $43.00 to $57.00 in a report on Tuesday, January 7th. ValuEngine raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $53.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC boosted its holdings in shares of Aerojet Rocketdyne by 33.2% during the 3rd quarter. Penserra Capital Management LLC now owns 1,007 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 251 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Aerojet Rocketdyne by 1.7% during the 2nd quarter. AQR Capital Management LLC now owns 19,191 shares of the aerospace company’s stock valued at $859,000 after acquiring an additional 313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aerojet Rocketdyne by 9.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,500 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 392 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Aerojet Rocketdyne by 1.8% during the 3rd quarter. Mason Street Advisors LLC now owns 24,578 shares of the aerospace company’s stock valued at $1,241,000 after acquiring an additional 424 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Aerojet Rocketdyne by 21.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,408 shares of the aerospace company’s stock valued at $172,000 after acquiring an additional 612 shares in the last quarter.

Shares of AJRD stock traded down $0.12 during trading hours on Friday, reaching $51.58. The company’s stock had a trading volume of 345,988 shares, compared to its average volume of 699,510. The firm’s 50 day simple moving average is $48.11 and its 200-day simple moving average is $47.51. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 4.88 and a beta of 0.41. Aerojet Rocketdyne has a fifty-two week low of $30.11 and a fifty-two week high of $53.99. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.71.

About Aerojet Rocketdyne

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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Earnings History and Estimates for Aerojet Rocketdyne (NYSE:AJRD)

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