AAR (NYSE:AIR) Issues Quarterly Earnings Results

AAR (NYSE:AIR) issued its quarterly earnings data on Tuesday. The aerospace company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07, Zacks reports. The business had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS.

AAR Trading Up 8.6 %

AIR stock opened at $67.04 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The company has a market capitalization of $2.41 billion, a PE ratio of 36.84 and a beta of 1.61. The company’s 50-day simple moving average is $64.56 and its 200 day simple moving average is $65.29. AAR has a 52 week low of $54.71 and a 52 week high of $76.34.

Analyst Upgrades and Downgrades

A number of analysts have commented on AIR shares. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Finally, StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.