AAR (NYSE:AIR) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

AAR (NYSE:AIRGet Free Report) announced its quarterly earnings data on Monday. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. AAR had a return on equity of 10.31% and a net margin of 2.67%. The company had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 20.4% compared to the same quarter last year.

AAR Price Performance

Shares of AAR stock traded down $0.10 on Wednesday, reaching $65.89. 20,940 shares of the stock were exchanged, compared to its average volume of 308,069. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98. The firm has a market cap of $2.36 billion, a PE ratio of 38.82 and a beta of 1.55. The firm’s 50 day moving average is $64.86 and its 200-day moving average is $66.63. AAR has a one year low of $54.71 and a one year high of $76.34.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AIR. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Stifel Nicolaus dropped their price target on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of AAR in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

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AAR Company Profile

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AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.

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Earnings History for AAR (NYSE:AIR)

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