Zacks: Brokerages Expect AAR Corp. (NYSE:AIR) Will Post Quarterly Sales of $498.38 Million

Brokerages predict that AAR Corp. (NYSE:AIR) will report sales of $498.38 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AAR’s earnings. The lowest sales estimate is $484.00 million and the highest is $523.90 million. AAR posted sales of $466.30 million in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The company is expected to issue its next quarterly earnings results on Tuesday, September 24th.

According to Zacks, analysts expect that AAR will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.12 billion to $2.19 billion. For the next financial year, analysts anticipate that the business will post sales of $2.29 billion, with estimates ranging from $2.26 billion to $2.33 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow AAR.

AAR (NYSE:AIR) last released its earnings results on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $562.70 million during the quarter, compared to analysts’ expectations of $529.49 million. AAR had a net margin of 0.37% and a return on equity of 9.75%. The business’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS.

Several equities research analysts recently issued reports on AIR shares. Zacks Investment Research raised shares of AAR from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, May 21st. ValuEngine raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus started coverage on shares of AAR in a research report on Monday, July 8th. They set a “buy” rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. AAR currently has an average rating of “Buy” and a consensus target price of $49.17.

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in AAR during the first quarter valued at $26,000. Advisor Group Inc. increased its stake in AAR by 94.8% during the fourth quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 362 shares during the last quarter. Pearl River Capital LLC bought a new stake in AAR during the first quarter valued at $36,000. AlphaOne Investment Services LLC increased its stake in AAR by 73.5% during the first quarter. AlphaOne Investment Services LLC now owns 1,617 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 685 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in AAR during the second quarter valued at $210,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

NYSE:AIR traded up $0.93 during mid-day trading on Friday, hitting $40.80. 190,783 shares of the company’s stock traded hands, compared to its average volume of 296,150. The company has a current ratio of 2.66, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $40.21. AAR has a 1 year low of $29.84 and a 1 year high of $51.52. The stock has a market capitalization of $1.39 billion, a P/E ratio of 17.29 and a beta of 1.18.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 19th were paid a $0.075 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.74%. AAR’s dividend payout ratio (DPR) is presently 12.71%.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Earnings History and Estimates for AAR (NYSE:AIR)

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