Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) – Research analysts at SunTrust Banks issued their Q1 2019 earnings estimates for shares of Aerojet Rocketdyne in a note issued to investors on Wednesday. SunTrust Banks analyst M. Ciarmoli expects that the aerospace company will post earnings per share of $0.21 for the quarter. SunTrust Banks currently has a “Buy” rating and a $40.00 price target on the stock. SunTrust Banks also issued estimates for Aerojet Rocketdyne’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.14 EPS.
Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). The company had revenue of $528.20 million during the quarter, compared to analysts’ expectations of $540.35 million. Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. Aerojet Rocketdyne’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share.
Shares of Aerojet Rocketdyne (AJRD) traded up $0.91 during midday trading on Friday, hitting $27.46. The stock had a trading volume of 1,156,423 shares, compared to its average volume of 991,766. The stock has a market capitalization of $1,993.91, a PE ratio of -196.14, a PEG ratio of 4.83 and a beta of 1.12. Aerojet Rocketdyne has a one year low of $18.88 and a one year high of $36.25. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.38 and a current ratio of 1.71.
In other news, Director Martin Turchin sold 10,000 shares of Aerojet Rocketdyne stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Aerojet Rocketdyne by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock valued at $77,813,000 after buying an additional 246,605 shares during the period. Victory Capital Management Inc. boosted its stake in Aerojet Rocketdyne by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,837,895 shares of the aerospace company’s stock valued at $88,542,000 after buying an additional 114,532 shares during the period. Dimensional Fund Advisors LP boosted its stake in Aerojet Rocketdyne by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,218,990 shares of the aerospace company’s stock valued at $77,687,000 after buying an additional 34,676 shares during the period. State Street Corp boosted its stake in Aerojet Rocketdyne by 25.4% during the second quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock valued at $44,504,000 after buying an additional 433,398 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Aerojet Rocketdyne by 9.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,561,009 shares of the aerospace company’s stock valued at $48,703,000 after buying an additional 131,201 shares during the period. 98.11% of the stock is owned by institutional investors.
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Aerojet Rocketdyne Company Profile
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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