Media stories about Aerojet Rocketdyne (NYSE:AJRD) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aerojet Rocketdyne earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 48.4721608067539 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several brokerages recently issued reports on AJRD. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.33.
Aerojet Rocketdyne stock opened at $28.72 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.54 and a current ratio of 1.54. Aerojet Rocketdyne has a 1 year low of $20.17 and a 1 year high of $36.25. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 5.38 and a beta of 1.03.
Aerojet Rocketdyne (NYSE:AJRD) last released its earnings results on Tuesday, May 1st. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Aerojet Rocketdyne had a negative net margin of 0.06% and a positive return on equity of 46.38%. The business had revenue of $492.00 million for the quarter, compared to analyst estimates of $417.68 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts forecast that Aerojet Rocketdyne will post 0.97 earnings per share for the current year.
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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