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

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

AAR Stock Down 0.5 %

AIR stock opened at $61.81 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The company has a 50-day moving average of $64.56 and a two-hundred day moving average of $65.29. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 33.96 and a beta of 1.61. AAR has a 52-week low of $54.71 and a 52-week high of $76.34.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIR. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.