AAR Corp. Forecasted to Post Q1 2018 Earnings of $0.35 Per Share (AIR)
AAR Corp. (NYSE:AIR) – Stock analysts at Seaport Global Securities issued their Q1 2018 earnings estimates for shares of AAR Corp. in a research note issued to investors on Tuesday. Seaport Global Securities analyst J. Sullivan expects that the aerospace company will post earnings per share of $0.35 for the quarter. Seaport Global Securities has a “Neutral” rating and a $39.00 price objective on the stock. Seaport Global Securities also issued estimates for AAR Corp.’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.28 EPS.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. AAR Corp. had a net margin of 3.20% and a return on equity of 5.69%. The firm had revenue of $492.30 million for the quarter, compared to analysts’ expectations of $486.93 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.
AIR has been the subject of several other research reports. Canaccord Genuity assumed coverage on shares of AAR Corp. in a report on Wednesday, September 6th. They issued a “hold” rating and a $40.00 target price for the company. Zacks Investment Research upgraded shares of AAR Corp. from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, May 23rd. BidaskClub upgraded shares of AAR Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Noble Financial restated a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. AAR Corp. has an average rating of “Hold” and a consensus target price of $44.71.
AAR Corp. (AIR) opened at 35.26 on Thursday. The firm has a 50 day moving average of $35.79 and a 200-day moving average of $35.05. The stock has a market cap of $1.19 billion, a PE ratio of 21.58 and a beta of 1.39. AAR Corp. has a 52-week low of $27.42 and a 52-week high of $38.75.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its holdings in AAR Corp. by 27.4% during the 1st quarter. Neuberger Berman Group LLC now owns 23,129 shares of the aerospace company’s stock valued at $778,000 after buying an additional 4,971 shares in the last quarter. Sei Investments Co. lifted its holdings in AAR Corp. by 1.7% during the 1st quarter. Sei Investments Co. now owns 93,995 shares of the aerospace company’s stock valued at $3,161,000 after buying an additional 1,608 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in AAR Corp. by 15.9% during the 1st quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock valued at $122,000 after buying an additional 496 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in AAR Corp. by 12.0% during 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 buying an additional 31,549 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in AAR Corp. by 3.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,716 shares of the aerospace company’s stock valued at $1,588,000 after buying an additional 1,656 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.
In related news, Director Ronald B. Woodard sold 20,000 shares of AAR Corp. stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $37.22, for a total transaction of $744,400.00. Following the completion of the sale, the director now owns 20,073 shares in the company, valued at approximately $747,117.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Regan sold 28,640 shares of AAR Corp. stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $36.53, for a total transaction of $1,046,219.20. Following the sale, the vice president now owns 114,193 shares of the company’s stock, valued at approximately $4,171,470.29. The disclosure for this sale can be found here. Insiders have sold a total of 91,840 shares of company stock valued at $3,401,115 in the last quarter. 9.33% of the stock is currently owned by company insiders.
AAR Corp. declared that its board has approved a share repurchase plan on Tuesday, July 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the aerospace company to buy up to 20.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
AAR Corp. Company Profile
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.
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.