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

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

AAR Stock Down 0.3 %

NYSE:AIR opened at $69.09 on Tuesday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 40.64 and a beta of 1.55. 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 stock’s fifty day moving average price is $65.05 and its two-hundred day moving average price is $66.62. AAR has a 52-week low of $54.71 and a 52-week high of $76.34.

Analysts Set New Price Targets

Several research analysts recently issued reports on AIR shares. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Stifel Nicolaus decreased their target price on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and a consensus 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.