Analysts expect Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to report $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aerojet Rocketdyne Holdings’ earnings, with estimates ranging from $0.10 to $0.22. Aerojet Rocketdyne Holdings reported earnings per share of $0.32 during the same quarter last year, which suggests a negative year over year growth rate of 46.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Aerojet Rocketdyne Holdings will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.94. For the next fiscal year, analysts expect that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.90 to $1.05. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Aerojet Rocketdyne Holdings.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.17. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The business had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue was up 12.5% on a year-over-year basis.

A number of analysts recently weighed in on AJRD shares. BidaskClub upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, August 8th.

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Hedge funds have recently modified their holdings of the company. Alambic Investment Management L.P. acquired a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter worth $436,000. Renaissance Technologies LLC boosted its position in Aerojet Rocketdyne Holdings by 17.6% in the first quarter. Renaissance Technologies LLC now owns 1,758,295 shares of the aerospace company’s stock worth $38,155,000 after buying an additional 263,500 shares during the period. BlackRock Inc. boosted its position in Aerojet Rocketdyne Holdings by 208,237.4% in the first quarter. BlackRock Inc. now owns 9,712,688 shares of the aerospace company’s stock worth $210,766,000 after buying an additional 9,708,026 shares during the period. Glen Harbor Capital Management LLC boosted its position in Aerojet Rocketdyne Holdings by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock worth $116,000 after buying an additional 510 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in Aerojet Rocketdyne Holdings during the first quarter worth about $112,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Aerojet Rocketdyne Holdings (AJRD) traded up 1.11% on Monday, hitting $27.39. The stock had a trading volume of 178,160 shares. The company has a market capitalization of $2.06 billion, a PE ratio of 53.08 and a beta of 1.53. Aerojet Rocketdyne Holdings has a 12-month low of $16.04 and a 12-month high of $27.95. The company has a 50 day moving average of $24.09 and a 200 day moving average of $21.81.

About Aerojet Rocketdyne Holdings

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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