AAR Corp. (AIR) Hits New 52-Week High at $29.08
AAR Corp. (NYSE:AIR) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.08 and last traded at $28.84, with a volume of 745,085 shares changing hands. The stock had previously closed at $26.21.
Several equities research analysts recently issued reports on the stock. 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. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th.
The company has a market cap of $989.89 million and a PE ratio of 21.22. The firm’s 50-day moving average is $24.30 and its 200-day moving average is $23.38.
AAR Corp. (NYSE:AIR) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.15. The business had revenue of $458.20 million for the quarter. During the same period in the prior year, the company earned $0.36 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that AAR Corp. will post $1.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 22nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend 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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