AAR (NYSE:AIR) Releases Earnings Results, Beats Expectations By $0.07 EPS

AAR (NYSE:AIR) announced its quarterly earnings data on Tuesday. The aerospace company reported $0.90 earnings per share (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 firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS.

AAR Stock Performance

Shares of AAR stock opened at $67.04 on Thursday. The company has a market capitalization of $2.41 billion, a PE ratio of 36.84 and a beta of 1.61. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $64.56 and its two-hundred day moving average is $65.29.

Wall Street Analyst Weigh In

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