Taglich Brothers Weighs in on Air Industries Group Inc’s FY2019 Earnings (NYSEAMERICAN:AIRI)
Air Industries Group Inc (NYSEAMERICAN:AIRI) – Stock analysts at Taglich Brothers boosted their FY2019 earnings per share (EPS) estimates for shares of Air Industries Group in a note issued to investors on Thursday, November 14th. Taglich Brothers analyst J. Nobile now anticipates that the aerospace company will post earnings per share of ($0.04) for the year, up from their prior estimate of ($0.11). Taglich Brothers also issued estimates for Air Industries Group’s Q4 2019 earnings at $0.01 EPS, Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.01 EPS, Q4 2020 earnings at $0.01 EPS and FY2020 earnings at $0.05 EPS.
Separately, Zacks Investment Research upgraded shares of Air Industries Group from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Monday.
Air Industries Group (NYSEAMERICAN:AIRI) last issued its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $14.00 million for the quarter, compared to analysts’ expectations of $13.70 million.
An institutional investor recently bought a new position in Air Industries Group stock. JFS Wealth Advisors LLC acquired a new stake in Air Industries Group Inc (NYSEAMERICAN:AIRI) in the second quarter, according to its most recent filing with the SEC. The fund acquired 27,324 shares of the aerospace company’s stock, valued at approximately $30,000. JFS Wealth Advisors LLC owned approximately 0.10% of Air Industries Group at the end of the most recent quarter.
Air Industries Group Company Profile
Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services.
Recommended Story: How do candlesticks reflect price movement?
Receive News & Ratings for Air Industries Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Industries Group and related companies with MarketBeat.com's FREE daily email newsletter.