AAR (NYSE:AIR) issued its quarterly earnings results on Tuesday. The aerospace company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.10, Briefing.com reports. AAR had a return on equity of 8.15% and a net margin of 2.63%. The firm had revenue of $529.50 million for the quarter, compared to the consensus estimate of $539.70 million. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. AAR updated its FY 2019 guidance to $2.50-2.57 EPS and its FY19 guidance to $2.50-2.57 EPS.
AIR opened at $35.10 on Wednesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 19.61 and a beta of 1.02. AAR has a 52 week low of $32.87 and a 52 week high of $51.52. The company has a current ratio of 3.02, a quick ratio of 1.59 and a debt-to-equity ratio of 0.23.
Several equities research analysts have recently weighed in on AIR shares. Zacks Investment Research downgraded AAR from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. ValuEngine downgraded AAR from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target on shares of AAR in a report on Wednesday. Two 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’s stock. AAR has an average rating of “Hold” and an average target price of $52.33.
In other AAR news, Director David P. Storch sold 30,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.43% of the company’s stock.
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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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