AAR Corp. (NYSE:AIR) declared a quarterly dividend on Tuesday, July 9th, RTT News reports. Shareholders of record on Friday, July 19th will be paid a dividend of 0.075 per share by the aerospace company on Wednesday, July 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, July 18th.

AAR has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AAR to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.2%.

Shares of AAR stock opened at $41.18 on Tuesday. AAR has a fifty-two week low of $29.84 and a fifty-two week high of $51.52. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 16.14 and a beta of 1.17. The business’s fifty day simple moving average is $34.97. The company has a current ratio of 2.66, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16.

AAR (NYSE:AIR) last issued its quarterly earnings results on Wednesday, July 10th. The aerospace company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $562.70 million for the quarter, compared to analyst estimates of $529.49 million. AAR had a return on equity of 9.75% and a net margin of 0.37%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. On average, analysts forecast that AAR will post 2.58 EPS for the current fiscal year.

AIR has been the topic of several research reports. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Stifel Nicolaus initiated coverage on AAR in a research report on Monday, July 8th. They issued a “buy” rating and a $50.00 target price on the stock. Canaccord Genuity cut their target price on Western Energy Services from C$0.50 to C$0.40 in a research report on Wednesday, March 20th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AAR currently has a consensus rating of “Buy” and an average price target of $49.17.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Dividend History for AAR (NYSE:AIR)

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