AAR (AIR) Projected to Post Quarterly Earnings on Thursday

AAR (NYSE:AIR) is expected to be releasing its earnings data 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. Parties that are interested in registering for the company’s conference call can do so using this link.

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

AAR Trading Up 2.9 %

AIR opened at $69.90 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 249.67 and a beta of 1.58. The company has a 50-day simple moving average of $66.99 and a 200 day simple moving average of $65.40.

Wall Street Analysts Forecast Growth

AIR has been the subject of several research analyst reports. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. KeyCorp assumed coverage on AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Transactions at AAR

In other news, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the sale, the chief financial officer now owns 72,326 shares in the company, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,793 shares of company stock worth $12,538,396. Corporate insiders own 4.10% of the company’s stock.

About AAR

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.