Zacks: Brokerages Expect Aerojet Rocketdyne Holdings, Inc. (AJRD) to Post $0.17 Earnings Per Share
Analysts predict that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will announce earnings of $0.17 per share for the current quarter, according to Zacks. Three analysts have made estimates for Aerojet Rocketdyne Holdings’ earnings, with estimates ranging from $0.10 to $0.22. Aerojet Rocketdyne Holdings reported earnings of $0.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 46.9%. The business is scheduled to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Aerojet Rocketdyne Holdings will report full-year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.94. For the next financial year, analysts expect that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.90 to $1.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Aerojet Rocketdyne Holdings.
Aerojet Rocketdyne Holdings (NYSE:AJRD) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The company had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research note on Tuesday, August 8th.
Aerojet Rocketdyne Holdings (NYSE AJRD) opened at 28.54 on Friday. Aerojet Rocketdyne Holdings has a 1-year low of $16.04 and a 1-year high of $30.06. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 55.31 and a beta of 1.47. The firm has a 50-day moving average price of $26.70 and a 200-day moving average price of $22.79.
Several large investors have recently made changes to their positions in AJRD. Acrospire Investment Management LLC bought a new stake in Aerojet Rocketdyne Holdings in the 1st quarter valued at about $100,000. Ameritas Investment Partners Inc. bought a new stake in Aerojet Rocketdyne Holdings in the 1st quarter valued at about $112,000. Glen Harbor Capital Management LLC increased its position in Aerojet Rocketdyne Holdings by 10.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock valued at $116,000 after buying an additional 510 shares in the last quarter. State of Alaska Department of Revenue increased its position in Aerojet Rocketdyne Holdings by 9.7% in the 1st quarter. State of Alaska Department of Revenue now owns 8,260 shares of the aerospace company’s stock valued at $179,000 after buying an additional 730 shares in the last quarter. Finally, Advisor Group Inc. increased its position in Aerojet Rocketdyne Holdings by 0.4% in the 2nd quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after buying an additional 35 shares in the last quarter. 93.33% of the stock is currently owned by institutional investors.
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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