AAR Corp. (AIR) Stock Price Up 3.2%
AAR Corp. (NYSE:AIR)’s share price rose 3.2% on Tuesday . The company traded as high as $24.49 and last traded at $24.49, with a volume of 67,727 shares traded. The stock had previously closed at $23.73.
AIR has been the topic of a number of recent research reports. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Zacks Investment Research downgraded shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th.
The stock has a market cap of $842.93 million and a P/E ratio of 18.07. The company has a 50-day moving average price of $23.89 and a 200 day moving average price of $23.13.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings results on Tuesday, July 12th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. The firm had revenue of $458.20 million for the quarter. During the same period in the prior year, the firm posted $0.36 earnings per share. AAR Corp.’s revenue was up 10.2% on a year-over-year basis. On average, analysts predict that AAR Corp. will post $1.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were issued a $0.075 dividend. The ex-dividend date was Wednesday, July 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%.
A hedge fund recently bought a new stake in AAR Corp. stock. Marshall Wace LLP purchased a new position in shares of AAR Corp. (NYSE:AIR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,980 shares of the company’s stock, valued at approximately $2,234,000. Marshall Wace LLP owned about 0.25% of AAR Corp. at the end of the most recent quarter.
AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which provides aftermarket support and services for the commercial aviation and government and defense markets, and Technology Products, which is involved in the design, manufacture, and repair of transportation pallets, and a range of containers and shelters used in support of military and humanitarian tactical deployment activities.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.