AAR (AIR) Scheduled to Post Quarterly Earnings on Tuesday

AAR (NYSE:AIR) is set to issue its quarterly earnings data after the market closes on Tuesday, December 19th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. AAR had a net margin of 3.20% and a return on equity of 5.66%. The company had revenue of $439.20 million for the quarter, compared to the consensus estimate of $410.52 million. During the same period in the previous year, the firm earned $0.29 EPS. AAR’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect AAR to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of AAR (NYSE AIR) opened at $41.75 on Tuesday. AAR has a 52-week low of $31.20 and a 52-week high of $42.82. The company has a market cap of $1,450.00, a PE ratio of 28.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.90.

In related news, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the sale, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.33% of the stock is owned by insiders.

AIR has been the topic of a number of recent analyst reports. Canaccord Genuity initiated coverage on shares of AAR in a research report on Wednesday, September 6th. They set a “hold” rating and a $40.00 price target on the stock. Seaport Global Securities initiated coverage on shares of AAR in a report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 target price on the stock. Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, SunTrust Banks boosted their target price on shares of AAR to $50.00 and gave the stock a “buy” rating in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.25.

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About AAR

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.

Earnings History for AAR (NYSE:AIR)

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