Aerojet Rocketdyne Holdings, Inc. (AJRD) Expected to Post Earnings of $0.30 Per Share

Wall Street analysts expect that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will post earnings per share of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aerojet Rocketdyne’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.23. Aerojet Rocketdyne posted earnings per share of $0.25 in the same quarter last year, which indicates a positive year over year growth rate of 20%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Aerojet Rocketdyne will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.88. For the next financial year, analysts expect that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.90 to $1.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. Aerojet Rocketdyne’s revenue for the quarter was up 4.3% compared to the same quarter last year.

AJRD has been the topic of a number of research reports. Jefferies Group downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Monday, October 23rd. BidaskClub downgraded shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. SunTrust Banks reissued a “buy” rating and issued a $40.00 price objective on shares of Aerojet Rocketdyne in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.33.

Aerojet Rocketdyne (NYSE:AJRD) opened at $29.90 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. The stock has a market cap of $2,280.00, a P/E ratio of 37.02, a P/E/G ratio of 6.57 and a beta of 1.41. Aerojet Rocketdyne has a 1-year low of $17.56 and a 1-year high of $36.25.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Perry sold 25,001 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $30.00, for a total transaction of $750,030.00. Following the sale, the director now owns 166,959 shares in the company, valued at approximately $5,008,770. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,235 shares of company stock worth $2,652,753. 2.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shelton Capital Management bought a new stake in shares of Aerojet Rocketdyne during the third quarter valued at approximately $234,000. Public Employees Retirement System of Ohio raised its position in shares of Aerojet Rocketdyne by 3.2% during the third quarter. Public Employees Retirement System of Ohio now owns 491,308 shares of the aerospace company’s stock valued at $17,201,000 after buying an additional 15,339 shares during the last quarter. Walthausen & Co. LLC raised its position in shares of Aerojet Rocketdyne by 29.0% during the third quarter. Walthausen & Co. LLC now owns 433,014 shares of the aerospace company’s stock valued at $15,160,000 after buying an additional 97,240 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Aerojet Rocketdyne by 14.2% during the third quarter. California Public Employees Retirement System now owns 107,731 shares of the aerospace company’s stock valued at $3,772,000 after buying an additional 13,431 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Aerojet Rocketdyne by 307.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,312 shares of the aerospace company’s stock valued at $221,000 after buying an additional 4,763 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

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About Aerojet Rocketdyne

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

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