$487.93 Million in Sales Expected for AAR Corp. (AIR) This Quarter

Equities analysts forecast that AAR Corp. (NYSE:AIR) will announce sales of $487.93 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for AAR’s earnings, with estimates ranging from $472.80 million to $500.99 million. AAR posted sales of $446.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The company is expected to report its next earnings results on Tuesday, March 20th.

On average, analysts expect that AAR will report full year sales of $487.93 million for the current financial year, with estimates ranging from $1.91 billion to $1.96 billion. For the next year, analysts expect that the firm will post sales of $2.24 billion per share, with estimates ranging from $2.15 billion to $2.32 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow AAR.

AAR (NYSE:AIR) last issued its quarterly earnings results on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AAR had a net margin of 1.25% and a return on equity of 5.61%. The company had revenue of $449.70 million for the quarter, compared to analyst estimates of $450.56 million. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis.

Several research analysts recently commented on the company. TheStreet cut AAR from a “b” rating to a “c+” rating in a research report on Thursday, December 21st. Noble Financial reissued a “buy” rating on shares of AAR in a research report on Friday, December 22nd. SunTrust Banks increased their price target on AAR to $50.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Canaccord Genuity reissued a “hold” rating and set a $40.00 price target on shares of AAR in a research report on Friday, October 13th. Finally, Zacks Investment Research raised AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.25.

In other news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the sale, the director now directly owns 23,406 shares of the company’s stock, valued at $783,398.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.33% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading L.P. acquired a new stake in shares of AAR in the third quarter valued at approximately $233,000. Highbridge Capital Management LLC acquired a new stake in shares of AAR in the third quarter valued at approximately $200,000. PEAK6 Investments L.P. acquired a new stake in shares of AAR in the third quarter valued at approximately $823,000. Magnetar Financial LLC acquired a new stake in shares of AAR in the third quarter valued at approximately $449,000. Finally, Allianz Asset Management GmbH lifted its position in shares of AAR by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 98,235 shares of the aerospace company’s stock valued at $3,711,000 after buying an additional 5,881 shares during the last quarter. 88.03% of the stock is owned by institutional investors.

Shares of AAR (NYSE AIR) traded down $0.06 during midday trading on Thursday, reaching $39.59. The company had a trading volume of 322,405 shares, compared to its average volume of 185,548. AAR has a 1 year low of $31.20 and a 1 year high of $44.04. The company has a quick ratio of 1.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,390.00, a PE ratio of 86.07 and a beta of 1.34.

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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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Earnings History and Estimates for AAR (NYSE:AIR)

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