AAR (NYSE:AIR) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

AAR (NYSE:AIR) posted its earnings results 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 company had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share.

AAR Stock Down 0.5 %

AIR traded down $0.32 during trading hours on Tuesday, hitting $61.81. 452,033 shares of the company’s stock were exchanged, compared to its average volume of 278,381. The firm has a market cap of $2.22 billion, a P/E ratio of 33.96 and a beta of 1.61. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $64.54 and a 200 day moving average of $65.36.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AIR shares. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of AAR in a report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

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.