Somewhat Positive News Coverage Somewhat Unlikely to Impact AAR Corp. (AIR) Share Price
News articles about AAR Corp. (NYSE:AIR) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AAR Corp. earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 46.2103517195255 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- AAR Corp. (AIR) Upgraded at Zacks Investment Research (americanbankingnews.com)
- AAR : Comerica Bank Has $1.80 Million Holdings in AAR Corp. (AIR) (4-traders.com)
- AAR Corp. (AIR) Expected to Post Q1 2018 Earnings of $0.35 Per Share (americanbankingnews.com)
- Top 20 Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Companies 2017 (advfn.com)
- AAR Corp. (AIR) Now Covered by Seaport Global Securities (americanbankingnews.com)
Shares of AAR Corp. (NYSE AIR) traded down 0.25% during midday trading on Friday, hitting $35.26. 581,199 shares of the company were exchanged. AAR Corp. has a one year low of $27.36 and a one year high of $38.75. The firm’s 50 day moving average price is $35.79 and its 200 day moving average price is $35.05. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.58 and a beta of 1.39.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. AAR Corp. had a net margin of 3.20% and a return on equity of 5.69%. The firm had revenue of $492.30 million for the quarter, compared to analyst estimates of $486.93 million. During the same period last year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that AAR Corp. will post $1.78 EPS for the current fiscal year.
AAR Corp. declared that its board has authorized a share repurchase plan on Tuesday, July 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 20.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts recently commented on the stock. Noble Financial restated a “buy” rating on shares of AAR Corp. in a report on Thursday, July 13th. BidaskClub lowered shares of AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity assumed coverage on shares of AAR Corp. in a report on Wednesday, September 6th. They set a “hold” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered shares of AAR Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Seaport Global Securities assumed coverage on shares of AAR Corp. in a report on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.71.
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In other AAR Corp. news, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $37.28, for a total value of $1,610,496.00. Following the transaction, the insider now directly owns 317,665 shares of the company’s stock, valued at $11,842,551.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Regan sold 28,640 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $36.53, for a total transaction of $1,046,219.20. Following the completion of the transaction, the vice president now directly owns 114,193 shares in the company, valued at $4,171,470.29. The disclosure for this sale can be found here. Insiders sold 91,840 shares of company stock worth $3,401,115 over the last ninety days. Insiders own 9.33% of the company’s stock.
AAR Corp. 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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