AAR Corp. (AIR) Trading Up 6.5%
AAR Corp. (NYSE:AIR) shares were up 6.5% on Thursday . The company traded as high as $26.21 and last traded at $26.21, with a volume of 517,647 shares changing hands. The stock had previously closed at $24.61.
A number of research analysts have recently weighed in on AIR shares. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Credit Suisse Group AG restated a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th. Finally, Zacks Investment Research downgraded shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th.
The stock has a market cap of $893.73 million and a PE ratio of 19.16. The company has a 50-day moving average of $24.13 and a 200 day moving average of $23.34.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data 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 company had revenue of $458.20 million for the quarter. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts expect that AAR Corp. will post $1.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Friday, July 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, July 20th.
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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