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.
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.
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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.
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