Q3 2024 EPS Estimates for AAR Corp. Raised by William Blair (NYSE:AIR)

AAR Corp. (NYSE:AIRFree Report) – Stock analysts at William Blair raised their Q3 2024 EPS estimates for shares of AAR in a research report issued on Monday, March 4th. William Blair analyst L. Dipalma now expects that the aerospace company will post earnings per share of $0.84 for the quarter, up from their previous estimate of $0.83. William Blair has a “Outperform” rating on the stock. The consensus estimate for AAR’s current full-year earnings is $3.32 per share. William Blair also issued estimates for AAR’s FY2025 earnings at $3.88 EPS.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus raised their price target on shares of AAR from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Truist Financial increased their target price on shares of AAR from $68.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.25.

Read Our Latest Research Report on AAR

AAR Price Performance

AIR opened at $65.01 on Wednesday. AAR has a fifty-two week low of $49.06 and a fifty-two week high of $73.95. The firm has a 50-day moving average of $62.14 and a 200 day moving average of $62.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.44 and a current ratio of 3.14. The firm has a market cap of $2.31 billion, a P/E ratio of 33.68 and a beta of 1.68.

AAR (NYSE:AIRGet Free Report) last announced its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $545.40 million during the quarter, compared to the consensus estimate of $557.04 million. AAR had a return on equity of 10.05% and a net margin of 3.14%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of AAR by 21.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,556 shares of the aerospace company’s stock worth $1,158,000 after purchasing an additional 3,286 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of AAR by 14.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,434 shares of the aerospace company’s stock worth $651,000 after purchasing an additional 1,289 shares in the last quarter. Legal & General Group Plc increased its position in shares of AAR by 0.3% in the fourth quarter. Legal & General Group Plc now owns 118,931 shares of the aerospace company’s stock worth $7,421,000 after purchasing an additional 414 shares during the last quarter. Barclays PLC lifted its position in AAR by 271.5% during the fourth quarter. Barclays PLC now owns 61,536 shares of the aerospace company’s stock valued at $3,840,000 after purchasing an additional 44,973 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in AAR by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock worth $234,726,000 after buying an additional 44,948 shares in the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.

About AAR

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AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.

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