AAR (AIR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
AAR (NYSE:AIR) released its quarterly earnings data on Tuesday. The aerospace company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01, RTT News reports. The business had revenue of $456.30 million for the quarter, compared to analyst estimates of $475.89 million. AAR had a return on equity of 6.02% and a net margin of 1.34%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. AAR updated its FY19 guidance to $2.50-2.80 EPS.
AAR stock opened at $43.73 on Thursday. The company has a market capitalization of $1,491.63, a P/E ratio of 61.59 and a beta of 1.26. The company has a current ratio of 2.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. AAR has a 52-week low of $32.01 and a 52-week high of $45.60.
Several research firms have recently weighed in on AIR. TheStreet raised AAR from a “c+” rating to a “b” rating in a research note on Tuesday. ValuEngine raised AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research raised AAR from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 20th. Noble Financial reissued a “buy” rating on shares of AAR in a research report on Friday, December 22nd. Finally, Canaccord Genuity raised AAR from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. AAR presently has an average rating of “Buy” and an average price target of $46.80.
AAR 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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