Brokerages expect Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to announce earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.29. Aerojet Rocketdyne also reported earnings per share of $0.25 in the same quarter last year. The business is expected to announce its next earnings report on Wednesday, March 7th.
On average, analysts expect that Aerojet Rocketdyne will report full-year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.88. For the next fiscal year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.84 to $1.04. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Aerojet Rocketdyne.
Several research firms have commented on AJRD. Zacks Investment Research cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. SunTrust Banks restated a “buy” rating and issued a $40.00 target price on shares of Aerojet Rocketdyne in a research report on Friday, November 3rd. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Aerojet Rocketdyne presently has a consensus rating of “Hold” and a consensus target price of $37.33.
In other news, Director Martin Turchin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Aerojet Rocketdyne in the third quarter valued at approximately $101,000. IFP Advisors Inc boosted its holdings in shares of Aerojet Rocketdyne by 1,129.9% in the fourth quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 3,254 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Aerojet Rocketdyne by 18.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 925 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Aerojet Rocketdyne by 97.2% in the fourth quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock valued at $134,000 after acquiring an additional 2,120 shares in the last quarter. Finally, Fortaleza Asset Management Inc. bought a new position in shares of Aerojet Rocketdyne in the third quarter valued at approximately $136,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
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Aerojet Rocketdyne Company Profile
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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