Analysts expect that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will post $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.37. Aerojet Rocketdyne posted earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is scheduled to announce its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.80 to $0.88. For the next year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $0.90 to $1.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. Aerojet Rocketdyne’s quarterly revenue was up 4.3% on a year-over-year basis.
AJRD has been the topic of a number of analyst reports. CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 13th. SunTrust Banks restated a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. Jefferies Group lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.33.
In other news, Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Henderson sold 53,234 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the completion of the sale, the director now directly owns 113,341 shares of the company’s stock, valued at approximately $3,396,829.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,235 shares of company stock worth $2,652,753. Insiders own 2.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in Aerojet Rocketdyne by 79.0% during the second quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock worth $1,688,000 after buying an additional 35,808 shares in the last quarter. Legal & General Group Plc increased its position in Aerojet Rocketdyne by 10.1% during the second quarter. Legal & General Group Plc now owns 140,654 shares of the aerospace company’s stock worth $2,925,000 after purchasing an additional 12,923 shares during the last quarter. Vanguard Group Inc. increased its position in Aerojet Rocketdyne by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after purchasing an additional 246,605 shares during the last quarter. Walthausen & Co. LLC acquired a new stake in Aerojet Rocketdyne during the second quarter worth about $6,984,000. Finally, Dimensional Fund Advisors LP increased its position in Aerojet Rocketdyne by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock worth $45,434,000 after purchasing an additional 121,334 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.
Shares of Aerojet Rocketdyne (AJRD) traded up $0.41 during midday trading on Tuesday, hitting $31.69. The stock had a trading volume of 1,879,000 shares, compared to its average volume of 611,957. Aerojet Rocketdyne has a 12-month low of $17.69 and a 12-month high of $36.25. The stock has a market cap of $2,328.85, a P/E ratio of 37.82, a PEG ratio of 6.71 and a beta of 1.41. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.66 and a quick ratio of 1.38.
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Aerojet Rocketdyne Company Profile
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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