AAR Corp. (AIR) Trading Up 6.5%
AAR Corp. (NYSE:AIR) shares were up 6.5% during trading on Thursday . The stock traded as high as $26.21 and last traded at $26.21, with a volume of 517,647 shares traded. The stock had previously closed at $24.61.
Several research analysts have commented on AIR shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a research report on Friday, June 10th. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research cut AAR Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 15th.
The stock has a market cap of $989.89 million and a price-to-earnings ratio of 21.22. The stock’s 50 day moving average price is $24.30 and its 200-day moving average price is $23.38.
AAR Corp. (NYSE:AIR) last released 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 firm earned $458.20 million during the quarter. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. On average, equities analysts predict that AAR Corp. will post $1.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 22nd were given 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 1.03%.
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.