AAR (NYSE:AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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

AAR Trading Down 2.1 %

Shares of NYSE AIR traded down $1.46 during trading on Thursday, reaching $68.24. The stock had a trading volume of 416,096 shares, compared to its average volume of 243,124. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a market cap of $2.45 billion, a P/E ratio of 243.73 and a beta of 1.58. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The business’s 50-day moving average price is $66.99 and its 200-day moving average price is $65.47.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp assumed coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Buying and Selling

In other news, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,793 shares of company stock valued at $12,538,396. Corporate insiders own 4.10% of the company’s stock.

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.