AAR (NYSE:AIR) Announces Earnings Results, Beats Estimates By $0.03 EPS

AAR (NYSE:AIR) issued its earnings results on Monday. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03, Briefing.com reports. The company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS.

AAR Stock Performance

Shares of AIR stock opened at $69.09 on Tuesday. The business has a 50 day simple moving average of $65.05 and a 200 day simple moving average of $66.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.98 and a quick ratio of 1.41. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 40.64 and a beta of 1.55. AAR has a 12-month low of $54.71 and a 12-month high of $76.34.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price target on AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, 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 report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently 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.