AAR Corp. (NYSE:AIR) – Seaport Global Securities increased their FY2018 EPS estimates for shares of AAR in a report released on Tuesday. Seaport Global Securities analyst J. Sullivan now anticipates that the aerospace company will post earnings per share of $1.73 for the year, up from their previous forecast of $1.70. Seaport Global Securities has a “Buy” rating and a $50.00 price target on the stock. Seaport Global Securities also issued estimates for AAR’s Q4 2018 earnings at $0.63 EPS and FY2019 earnings at $2.63 EPS.
AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $449.70 million during the quarter, compared to the consensus estimate of $450.56 million. AAR had a return on equity of 5.61% and a net margin of 1.25%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS.
AIR has been the topic of a number of other research reports. SunTrust Banks boosted their price objective on shares of AAR to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Credit Suisse Group raised shares of AAR from a “neutral” rating to an “outperform” rating in a research report on Friday, January 12th. Noble Financial reissued a “buy” rating on shares of AAR in a research report on Friday, December 22nd. Zacks Investment Research raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $40.00 price objective on shares of AAR in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.00.
Shares of AAR (NYSE AIR) traded up $0.89 during mid-day trading on Thursday, hitting $41.80. 223,848 shares of the stock were exchanged, compared to its average volume of 310,967. 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 capitalization of $1,423.21, a price-to-earnings ratio of 62.39 and a beta of 1.36. AAR has a twelve month low of $31.23 and a twelve month high of $44.04.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, January 19th. AAR’s dividend payout ratio (DPR) is currently 44.78%.
In other AAR news, CEO David P. Storch sold 126,679 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the sale, the chief executive officer now directly owns 759,639 shares of the company’s stock, valued at $31,547,807.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 23,406 shares in the company, valued at $783,398.82. The disclosure for this sale can be found here. Corporate insiders own 9.33% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in shares of AAR in the third quarter valued at $144,000. Victory Capital Management Inc. increased its holdings in shares of AAR by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 639 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of AAR in the third quarter valued at $200,000. Cubist Systematic Strategies LLC acquired a new position in shares of AAR in the second quarter valued at $213,000. Finally, Group One Trading L.P. acquired a new position in shares of AAR in the third quarter valued at $233,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.
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AAR Company Profile
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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