AAR (AIR) to Release Quarterly Earnings on Thursday

AAR (NYSE:AIR) is projected to post its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect AAR to post earnings of $0.96 per share and revenue of $699.13 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AAR Stock Performance

NYSE:AIR opened at $69.75 on Wednesday. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company has a market cap of $2.51 billion, a P/E ratio of 249.12 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $66.99 and its 200-day moving average price is $65.44.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. KeyCorp initiated coverage on shares of AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Activity at AAR

In other news, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. The trade was a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 over the last quarter. 4.10% of the stock is owned by insiders.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.