AAR (NYSE:AIR) Issues Quarterly Earnings Results

AAR (NYSE:AIR) announced its earnings results on Thursday. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03, Briefing.com reports. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million during the quarter, compared to analysts’ expectations of $699.13 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. AAR’s quarterly revenue was up 19.5% on a year-over-year basis.

AAR Stock Performance

NYSE AIR opened at $57.14 on Friday. The firm’s 50 day simple moving average is $66.69 and its 200 day simple moving average is $65.43. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 204.08 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

Analysts Set New Price Targets

AIR has been the subject of a number of recent research reports. KeyCorp initiated coverage on shares of AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective for the company. Truist Financial cut their price target on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.80.

Insider Buying and Selling at AAR

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the transaction, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,793 shares of company stock worth $12,538,396 over the last three months. Corporate insiders own 4.10% of the company’s stock.

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.