AAR (NYSE:AIR) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.50-2.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64. The company issued revenue guidance of $2.01-2.03 billion, compared to the consensus revenue estimate of $2.06 billion.AAR also updated its FY 2019 guidance to $2.50-2.57 EPS.
AIR traded down $0.04 during trading hours on Tuesday, hitting $35.10. The company’s stock had a trading volume of 693,446 shares, compared to its average volume of 315,430. AAR has a fifty-two week low of $32.87 and a fifty-two week high of $51.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.02 and a quick ratio of 1.59. The stock has a market cap of $1.23 billion, a P/E ratio of 19.61 and a beta of 1.02.
AAR (NYSE:AIR) last posted its earnings results on Tuesday, December 18th. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. AAR had a return on equity of 8.15% and a net margin of 2.63%. The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $502.10 million. Equities analysts anticipate that AAR will post 2.5 EPS for the current year.
Several analysts recently commented on AIR shares. Zacks Investment Research cut AAR from a hold rating to a sell rating in a research report on Tuesday, November 27th. ValuEngine cut AAR from a hold rating to a sell rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $53.17.
In other news, Director David P. Storch sold 30,000 shares of AAR stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $38.72, for a total transaction of $1,161,600.00. Following the transaction, the director now directly owns 612,822 shares in the company, valued at approximately $23,728,467.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.43% of the stock is currently owned by company insiders.
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AAR Company Profile
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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