Aerojet Rocketdyne Holdings Inc (AJRD) Expected to Post Earnings of $0.36 Per Share
Equities research analysts expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to announce earnings per share of $0.36 for the current quarter, according to Zacks. Two analysts have made estimates for Aerojet Rocketdyne’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.32. Aerojet Rocketdyne reported earnings per share of $0.16 during the same quarter last year, which would suggest a positive year over year growth rate of 125%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that Aerojet Rocketdyne will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.79 to $1.85. For the next year, analysts expect that the firm will post earnings of $1.46 per share, with EPS estimates ranging from $1.31 to $1.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.29 by $0.13. Aerojet Rocketdyne had a return on equity of 42.70% and a net margin of 3.11%. The firm had revenue of $497.20 million during the quarter, compared to analyst estimates of $479.64 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
Shares of NYSE AJRD traded up $0.38 during mid-day trading on Friday, hitting $35.95. The stock had a trading volume of 531,071 shares, compared to its average volume of 747,677. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.24 and a quick ratio of 1.24. Aerojet Rocketdyne has a twelve month low of $24.41 and a twelve month high of $38.92. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 4.69 and a beta of 0.91.
In related news, Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the transaction, the director now directly owns 85,650 shares of the company’s stock, valued at approximately $3,235,857. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. grew its position in Aerojet Rocketdyne by 801.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 3,447 shares during the period. LS Investment Advisors LLC grew its position in Aerojet Rocketdyne by 99.3% during the 2nd quarter. LS Investment Advisors LLC now owns 4,556 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 2,270 shares during the period. Seven Eight Capital LP acquired a new stake in Aerojet Rocketdyne during the 3rd quarter worth about $207,000. WINTON GROUP Ltd acquired a new stake in Aerojet Rocketdyne during the 3rd quarter worth about $222,000. Finally, Alambic Investment Management L.P. acquired a new stake in Aerojet Rocketdyne during the 3rd quarter worth about $224,000.
About Aerojet Rocketdyne
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
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