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.

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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.

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

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