Brokerages expect AAR Corp. (NYSE:AIR) to announce $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for AAR Corp.’s earnings, with estimates ranging from $0.27 to $0.30. AAR Corp. also reported earnings of $0.29 per share in the same quarter last year. The business is expected to report its next earnings report after the market closes on Tuesday, September 19th.

According to Zacks, analysts expect that AAR Corp. will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.90. For the next fiscal year, analysts forecast that the firm will post earnings of $2.55 per share, with EPS estimates ranging from $2.35 to $2.75. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for AAR Corp..

AAR Corp. (NYSE:AIR) last issued its quarterly earnings results on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $492.30 million during the quarter, compared to the consensus estimate of $486.93 million. AAR Corp. had a return on equity of 5.69% and a net margin of 3.20%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share.

Several research firms have recently issued reports on AIR. Canaccord Genuity began coverage on AAR Corp. in a research report on Wednesday. They set a “hold” rating and a $40.00 price objective for the company. Noble Financial reaffirmed a “buy” rating on shares of AAR Corp. in a research report on Friday, August 11th. BidaskClub cut AAR Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut AAR Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.67.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/07/analysts-expect-aar-corp-air-will-post-earnings-of-0-29-per-share.html.

In related news, Director Ronald B. Woodard sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $37.22, for a total value of $744,400.00. Following the completion of the sale, the director now directly owns 20,073 shares of the company’s stock, valued at approximately $747,117.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $37.28, for a total value of $1,610,496.00. Following the completion of the sale, the insider now directly owns 317,665 shares of the company’s stock, valued at $11,842,551.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,840 shares of company stock valued at $3,401,115. Insiders own 9.33% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its position in shares of AAR Corp. by 27.4% in the 1st quarter. Neuberger Berman Group LLC now owns 23,129 shares of the aerospace company’s stock valued at $778,000 after purchasing an additional 4,971 shares during the period. Sei Investments Co. boosted its position in shares of AAR Corp. by 1.7% in the 1st quarter. Sei Investments Co. now owns 93,995 shares of the aerospace company’s stock valued at $3,161,000 after purchasing an additional 1,608 shares during the period. Victory Capital Management Inc. boosted its position in shares of AAR Corp. by 15.9% in the 1st quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 496 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of AAR Corp. by 12.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 294,279 shares of the aerospace company’s stock valued at $9,897,000 after purchasing an additional 31,549 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of AAR Corp. by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 245,316 shares of the aerospace company’s stock valued at $8,249,000 after purchasing an additional 7,431 shares during the period. 88.03% of the stock is owned by hedge funds and other institutional investors.

Shares of AAR Corp. (NYSE AIR) opened at 34.95 on Monday. The firm has a 50-day moving average price of $36.09 and a 200 day moving average price of $35.00. The firm has a market cap of $1.18 billion, a P/E ratio of 21.39 and a beta of 1.39. AAR Corp. has a one year low of $26.51 and a one year high of $38.75.

AAR Corp. announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the aerospace company to repurchase up to 20.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

About AAR Corp.

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.

Get a free copy of the Zacks research report on AAR Corp. (AIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AAR Corp. (NYSE:AIR)

Receive News & Stock Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related stocks with our FREE daily email newsletter.