AAR Corp. (AIR) Issues FY17 Earnings Guidance
AAR Corp. (NYSE:AIR) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.30-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.36. The company issued revenue guidance of $1.7-1.8 billion, compared to the consensus revenue estimate of $1.76 billion.
A number of brokerages have recently issued reports on AIR. Credit Suisse Group AG reiterated a buy rating on shares of AAR Corp. in a report on Friday, June 10th. Zacks Investment Research upgraded AAR Corp. from a strong sell rating to a hold rating in a report on Tuesday, September 13th. Finally, TheStreet upgraded AAR Corp. from a hold rating to a buy rating in a report on Wednesday, July 13th.
AAR Corp. (NYSE:AIR) traded up 3.50% during mid-day trading on Thursday, hitting $29.01. The stock had a trading volume of 304,809 shares. The stock has a market cap of $989.21 million, a P/E ratio of 21.21 and a beta of 1.90. The firm has a 50-day moving average of $25.63 and a 200-day moving average of $24.02. AAR Corp. has a 52-week low of $18.36 and a 52-week high of $29.21.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. AAR Corp. had a return on equity of 4.50% and a net margin of 2.87%. The firm had revenue of $404.80 million for the quarter, compared to analysts’ expectations of $398.35 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that AAR Corp. will post $1.36 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC boosted its position in AAR Corp. by 4.7% in the second quarter. Profund Advisors LLC now owns 10,860 shares of the company’s stock worth $253,000 after buying an additional 490 shares in the last quarter. Paloma Partners Management Co purchased a new position in AAR Corp. during the second quarter worth approximately $340,000. Thrivent Financial for Lutherans boosted its position in AAR Corp. by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 15,910 shares of the company’s stock worth $371,000 after buying an additional 630 shares during the period. Arizona State Retirement System boosted its position in AAR Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 16,946 shares of the company’s stock worth $396,000 after buying an additional 100 shares during the period. Finally, Algert Global LLC boosted its position in AAR Corp. by 110.4% in the second quarter. Algert Global LLC now owns 22,765 shares of the company’s stock worth $531,000 after buying an additional 11,943 shares during the period. Hedge funds and other institutional investors own 87.85% of the company’s stock.
About AAR Corp.
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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