AAR (AIR) Scheduled to Post Quarterly Earnings on Monday

AAR (NYSE:AIR) is set to release its earnings data after the market closes on Monday, September 23rd. Analysts expect AAR to post earnings of $0.87 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The business had revenue of $656.50 million for the quarter, compared to analyst estimates of $660.05 million. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. On average, analysts expect AAR to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AAR Trading Down 0.4 %

NYSE AIR opened at $69.28 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98. The company has a 50-day simple moving average of $65.15 and a 200-day simple moving average of $66.58. AAR has a one year low of $54.71 and a one year high of $76.34. The firm has a market capitalization of $2.45 billion, a PE ratio of 40.75 and a beta of 1.55.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target 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. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AAR presently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

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.