AAR Corp. (AIR) Reaches New 1-Year High at $29.08
AAR Corp. (NYSE:AIR)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.08 and last traded at $28.84, with a volume of 745,085 shares trading hands. The stock had previously closed at $26.21.
A number of equities analysts recently issued reports on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th.
The stock has a market capitalization of $988.87 million and a price-to-earnings ratio of 21.20. The firm’s 50 day moving average is $24.13 and its 200-day moving average is $23.34.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Tuesday, July 12th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. The firm earned $458.20 million during the quarter. During the same period in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter 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 company also recently disclosed 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 of this dividend was Wednesday, July 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.14%.
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.
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