AAR (AIR) Issues FY19 Earnings Guidance

AAR (NYSE:AIR) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $2.50-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.71. The company issued revenue guidance of $2.10-2.20 billion, compared to the consensus revenue estimate of $2.20 billion.

A number of research firms have issued reports on AIR. ValuEngine upgraded AAR from a hold rating to a buy rating in a research note on Thursday, March 8th. Zacks Investment Research downgraded AAR from a buy rating to a hold rating in a research note on Wednesday, February 21st. Canaccord Genuity raised shares of AAR from a hold rating to a buy rating and lifted their target price for the stock from $42.00 to $46.00 in a research report on Thursday, February 8th. Seaport Global Securities raised shares of AAR from a neutral rating to a buy rating and lifted their target price for the stock from $39.00 to $50.00 in a research report on Tuesday, January 16th. Finally, Credit Suisse Group raised shares of AAR from a neutral rating to an outperform rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. AAR has a consensus rating of Buy and a consensus target price of $46.80.

How to Become a New Pot Stock Millionaire

AAR (NYSE:AIR) traded up $0.13 during trading on Tuesday, hitting $42.95. 270,511 shares of the company’s stock traded hands, compared to its average volume of 270,972. AAR has a 1 year low of $31.97 and a 1 year high of $45.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 2.65. The company has a market cap of $1,504.82, a PE ratio of 63.87 and a beta of 1.26.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. AAR had a net margin of 1.25% and a return on equity of 5.61%. The firm had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $475.89 million. During the same quarter last year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. sell-side analysts expect that AAR will post 1.86 EPS for the current fiscal year.

In related news, CEO David P. Storch sold 126,679 shares of AAR stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total value of $5,260,978.87. Following the sale, the chief executive officer now owns 759,639 shares of the company’s stock, valued at approximately $31,547,807.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the sale, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The disclosure for this sale can be found here. 9.33% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2018/03/20/aar-air-issues-fy19-earnings-guidance.html.

About AAR

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Earnings History and Estimates for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply