AAR Corp. (AIR) Sees Large Volume Increase
Shares of AAR Corp. (NYSE:AIR) saw unusually-strong trading volume on Monday . Approximately 1,037,200 shares traded hands during trading, an increase of 433% from the previous session’s volume of 194,691 shares.The stock last traded at $29.03 and had previously closed at $26.21.
A number of equities analysts have issued reports on AIR shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Finally, Zacks Investment Research lowered AAR Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 15th.
The company has a market capitalization of $989.89 million and a P/E ratio of 21.22. The company’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 earnings results on Tuesday, July 12th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. During the same quarter last year, the firm posted $0.36 earnings per share. The business had revenue of $458.20 million for the quarter. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts forecast that AAR Corp. will post $1.36 earnings per share for the current fiscal year.
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.