AAR Corp. (NYSE:AIR) – Stock analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for shares of AAR in a research note issued on Tuesday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will post earnings of $1.85 per share for the year, down from their previous estimate of $1.90. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for AAR’s Q4 2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.86 EPS and FY2019 earnings at $2.87 EPS.

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AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $456.30 million for the quarter, compared to the consensus estimate of $475.89 million. AAR had a net margin of 1.34% and a return on equity of 6.02%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS.

AIR has been the topic of several other reports. Credit Suisse Group upgraded shares of AAR from a “neutral” rating to an “outperform” rating in a report on Friday, January 12th. Zacks Investment Research upgraded shares of AAR from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 20th. Seaport Global Securities upgraded shares of AAR from a “neutral” rating to a “buy” rating and upped their target price for the stock from $39.00 to $50.00 in a research note on Tuesday, January 16th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Finally, Noble Financial restated a “buy” rating on shares of AAR in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.80.

Shares of AAR stock traded up $0.13 during trading hours on Thursday, reaching $43.86. 56,769 shares of the company traded hands, compared to its average volume of 269,130. The company has a market cap of $1,491.63, a P/E ratio of 61.59 and a beta of 1.26. AAR has a one year low of $32.57 and a one year high of $45.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.23.

In other AAR news, CEO David P. Storch sold 126,679 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total value of $5,260,978.87. Following the transaction, the chief executive officer now directly owns 759,639 shares in the company, valued at approximately $31,547,807.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the transaction, the director now owns 23,406 shares in the company, valued at $783,398.82. The disclosure for this sale can be found here. 9.33% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of AAR in the 3rd quarter worth approximately $144,000. Highbridge Capital Management LLC purchased a new stake in shares of AAR in the 3rd quarter worth approximately $200,000. Group One Trading L.P. purchased a new stake in shares of AAR in the 3rd quarter worth approximately $233,000. Victory Capital Management Inc. lifted its position in shares of AAR by 52.3% in the 3rd quarter. Victory Capital Management Inc. now owns 6,493 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 2,231 shares during the period. Finally, Investors Research Corp purchased a new stake in shares of AAR in the 4th quarter worth approximately $342,000. 89.38% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for AAR (NYSE:AIR)

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