Equities analysts predict that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will report $426.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aerojet Rocketdyne Holdings’ earnings, with estimates ranging from $421.00 million to $436.90 million. Aerojet Rocketdyne Holdings reported sales of $408.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Aerojet Rocketdyne Holdings will report full-year sales of $426.50 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.92 billion. For the next year, analysts anticipate that the company will post sales of $1.95 billion per share, with estimates ranging from $1.90 billion to $2.01 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Aerojet Rocketdyne Holdings.

AJRD has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “sell” rating in a research note on Monday, March 6th. Jefferies Group LLC assumed coverage on shares of Aerojet Rocketdyne Holdings in a research note on Friday, March 31st. They issued a “buy” rating and a $28.00 price objective on the stock.

Aerojet Rocketdyne Holdings (AJRD) opened at 20.84 on Friday. The stock has a 50 day moving average of $21.44 and a 200 day moving average of $20.34. Aerojet Rocketdyne Holdings has a 1-year low of $16.04 and a 1-year high of $23.27. The stock has a market capitalization of $1.55 billion, a P/E ratio of 77.19 and a beta of 1.51.

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A number of large investors have recently modified their holdings of AJRD. TrueNorth Inc. acquired a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter worth approximately $1,524,000. Driehaus Capital Management LLC purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at about $1,809,000. Tudor Investment Corp ET AL purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at about $506,000. Jane Street Group LLC purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at about $417,000. Finally, Paloma Partners Management Co boosted its stake in Aerojet Rocketdyne Holdings by 41.8% in the first quarter. Paloma Partners Management Co now owns 299,479 shares of the aerospace company’s stock valued at $6,499,000 after buying an additional 88,253 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Aerojet Rocketdyne Holdings 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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