AAR (NYSE:AIR) Posts Earnings Results, Beats Estimates By $0.03 EPS

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

AAR Stock Performance

NYSE:AIR opened at $65.99 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $64.86 and its 200 day simple moving average is $66.63. The stock has a market cap of $2.37 billion, a P/E ratio of 38.82 and a beta of 1.55. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of AAR in a report on Tuesday. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark reiterated a “buy” rating and issued a $83.00 target price on shares of AAR in a research report on Tuesday. Finally, Stifel Nicolaus cut their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Company Profile

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.