AAR (NYSE:AIR) Posts Earnings Results, Beats Expectations By $0.03 EPS

AAR (NYSE:AIR) posted its quarterly earnings data on Monday. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. AAR had a return on equity of 10.31% and a net margin of 2.67%. The company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

AAR Trading Down 4.5 %

Shares of NYSE:AIR opened at $65.99 on Wednesday. The stock’s 50-day simple moving average is $64.86 and its two-hundred day simple moving average is $66.63. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 38.82 and a beta of 1.55. AAR has a 52-week low of $54.71 and a 52-week high of $76.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AIR. Stifel Nicolaus reduced their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Benchmark reiterated a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price target on shares of AAR in a report on Tuesday. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

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.