Equities research analysts expect that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will post earnings per share of $0.16 for the current quarter, Zacks reports. Three analysts have issued estimates for Aerojet Rocketdyne’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.14. Aerojet Rocketdyne posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year over year growth rate of 100%. The firm is expected to announce its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.96 to $1.11. For the next financial year, analysts forecast that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.14 to $1.25. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.12). The business had revenue of $528.20 million during the quarter, compared to analyst estimates of $540.35 million. Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS.
Shares of Aerojet Rocketdyne (AJRD) traded up $0.46 during mid-day trading on Tuesday, hitting $28.11. The company’s stock had a trading volume of 601,784 shares, compared to its average volume of 971,743. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.48 and a current ratio of 1.71. Aerojet Rocketdyne has a 52-week low of $20.06 and a 52-week high of $36.25. The firm has a market cap of $2,110.00, a P/E ratio of -216.23, a PEG ratio of 4.91 and a beta of 1.10.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its position in shares of Aerojet Rocketdyne by 13.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 59,416 shares of the aerospace company’s stock worth $1,236,000 after buying an additional 6,847 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Aerojet Rocketdyne by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 55,306 shares of the aerospace company’s stock valued at $1,150,000 after acquiring an additional 8,618 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Aerojet Rocketdyne by 4.4% during the 2nd quarter. California State Teachers Retirement System now owns 122,540 shares of the aerospace company’s stock valued at $2,549,000 after buying an additional 5,192 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Aerojet Rocketdyne by 18.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 925 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in Aerojet Rocketdyne by 347.0% during the third quarter. Nationwide Fund Advisors now owns 175,334 shares of the aerospace company’s stock worth $6,138,000 after acquiring an additional 136,110 shares during the period. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
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About Aerojet Rocketdyne
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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