Equities analysts expect AAR Corp. (NYSE:AIR) to report sales of $475.82 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for AAR’s earnings, with the highest sales estimate coming in at $500.80 million and the lowest estimate coming in at $455.00 million. AAR reported sales of $439.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The company is expected to report its next earnings results after the market closes on Tuesday, September 25th.

On average, 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 $2.20 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.29 billion per share, with estimates ranging from $2.28 billion to $2.30 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover AAR.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, July 10th. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $483.51 million. AAR had a net margin of 0.85% and a return on equity of 6.39%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS.

AIR has been the topic of a number of recent research reports. Seaport Global Securities restated a “buy” rating and set a $52.00 price target on shares of AAR in a report on Friday, July 13th. Canaccord Genuity restated a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of AAR in a report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.60.

AAR stock opened at $46.09 on Monday. The firm has a market cap of $1.61 billion, a PE ratio of 25.75 and a beta of 1.24. The company has a current ratio of 2.83, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. AAR has a 1-year low of $34.25 and a 1-year high of $49.05.

In other news, CAO Eric Pachapa sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $46.75, for a total transaction of $140,250.00. Following the transaction, the chief accounting officer now owns 9,626 shares in the company, valued at approximately $450,015.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Storch sold 63,736 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $47.20, for a total transaction of $3,008,339.20. Following the transaction, the director now owns 705,281 shares in the company, valued at approximately $33,289,263.20. The disclosure for this sale can be found here. Insiders have sold a total of 102,739 shares of company stock worth $4,850,280 in the last 90 days. 9.33% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in AAR by 144.1% in the 1st quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 1,857 shares during the period. Tower Research Capital LLC TRC bought a new position in AAR in the 2nd quarter worth $154,000. BlueMountain Capital Management LLC bought a new position in AAR in the 2nd quarter worth $159,000. Adviser Investments LLC bought a new position in AAR in the 1st quarter worth $166,000. Finally, Amalgamated Bank bought a new position in AAR in the 1st quarter worth $204,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

AAR Company Profile

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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