AAR (NYSE:AIR) Announces Earnings Results, Beats Estimates By $0.07 EPS

AAR (NYSE:AIR) issued its quarterly earnings data on Tuesday. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07, Zacks reports. AAR had a net margin of 2.67% and a return on equity of 10.22%.

AAR Price Performance

AIR traded down $0.32 during trading on Tuesday, hitting $61.81. 442,674 shares of the stock traded hands, compared to its average volume of 278,381. The business has a 50 day moving average price of $64.54 and a 200 day moving average price of $65.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 33.96 and a beta of 1.61.

Wall Street Analyst Weigh In

AIR has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

About AAR

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.