Brokers Issue Forecasts for AAR Corp.’s FY2017 Earnings (AIR)

AAR Corp. (NYSE:AIR) – Research analysts at SunTrust Banks reduced their FY2017 EPS estimates for shares of AAR Corp. in a report issued on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will earn $1.46 per share for the year, down from their prior estimate of $1.49. SunTrust Banks has a “Buy” rating and a $38.00 price target on the stock. SunTrust Banks also issued estimates for AAR Corp.’s Q4 2017 earnings at $0.43 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $1.99 EPS.

AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. AAR Corp. had a net margin of 2.27% and a return on equity of 4.88%. The company earned $446.70 million during the quarter, compared to the consensus estimate of $421.60 million. During the same quarter last year, the company earned $0.26 earnings per share. AAR Corp.’s revenue for the quarter was up 8.4% on a year-over-year basis.

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Earnings History and Estimates for AAR Corp. (NYSE:AIR)

Separately, Noble Financial began coverage on AAR Corp. in a research note on Monday, April 3rd. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $48.75.

Shares of AAR Corp. (NYSE:AIR) traded up 0.49% during mid-day trading on Thursday, reaching $34.66. 190,155 shares of the company’s stock traded hands. The company has a market capitalization of $1.17 billion, a P/E ratio of 25.32 and a beta of 1.53. The firm has a 50-day moving average price of $33.78 and a 200-day moving average price of $33.83. AAR Corp. has a 1-year low of $21.78 and a 1-year high of $38.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, April 27th. AAR Corp.’s dividend payout ratio (DPR) is presently 26.79%.

In other news, VP John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $34.10, for a total transaction of $170,500.00. Following the transaction, the vice president now owns 129,030 shares of the company’s stock, valued at $4,399,923. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.23% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock valued at $118,000 after buying an additional 30 shares during the period. Columbus Circle Investors raised its position in shares of AAR Corp. by 58.6% in the first quarter. Columbus Circle Investors now owns 393,385 shares of the aerospace company’s stock valued at $13,230,000 after buying an additional 145,348 shares during the period. Louisiana State Employees Retirement System raised its position in shares of AAR Corp. by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the aerospace company’s stock valued at $437,000 after buying an additional 200 shares during the period. Bank of Montreal Can raised its position in shares of AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock valued at $114,000 after buying an additional 309 shares during the period. Finally, Foundry Partners LLC raised its position in shares of AAR Corp. by 16.7% in the first quarter. Foundry Partners LLC now owns 335,933 shares of the aerospace company’s stock valued at $11,297,000 after buying an additional 48,028 shares during the period. 87.39% of the stock is currently owned by institutional investors and hedge funds.

AAR Corp. Company Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

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