Somewhat Positive News Coverage Somewhat Unlikely to Affect Aerojet Rocketdyne (AJRD) Share Price

Media coverage about Aerojet Rocketdyne (NYSE:AJRD) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aerojet Rocketdyne earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.4454142406512 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

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AJRD has been the subject of a number of research reports. Zacks Investment Research downgraded Aerojet Rocketdyne from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.33.

AJRD opened at $30.29 on Friday. The company has a market cap of $2,274.78, a PE ratio of 40.93, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03. The company has a current ratio of 1.71, a quick ratio of 1.48 and a debt-to-equity ratio of 5.78. Aerojet Rocketdyne has a twelve month low of $20.06 and a twelve month high of $36.25.

Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.12). The business had revenue of $528.20 million for the quarter, compared to the consensus estimate of $540.35 million. Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. analysts anticipate that Aerojet Rocketdyne will post 1 earnings per share for the current year.

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About Aerojet Rocketdyne

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

Insider Buying and Selling by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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