AAR (NYSE:AIR) Announces Quarterly Earnings Results

AAR (NYSE:AIR) issued its quarterly earnings results on Thursday. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03, Briefing.com reports. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $678.20 million during the quarter, compared to analysts’ expectations of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis.

AAR Trading Down 2.1 %

Shares of AAR stock opened at $68.24 on Friday. The company has a 50 day simple moving average of $66.95 and a two-hundred day simple moving average of $65.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The firm has a market cap of $2.45 billion, a PE ratio of 243.73 and a beta of 1.58. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the sale, the chief executive officer now directly owns 346,680 shares in the company, valued at $23,144,356.80. This represents a 27.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the sale, the chief financial officer now owns 72,326 shares of the company’s stock, valued at $4,797,383.58. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,793 shares of company stock worth $12,538,396. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AIR shares. KeyCorp began coverage on AAR in a research note on Thursday, January 16th. They set an “overweight” rating and a $83.00 price target for the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AAR currently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.