AAR Corp Announces Quarterly Dividend of $0.08 (AIR)
AAR Corp (NYSE:AIR) announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Tuesday, January 29th will be paid a dividend of $0.08 per share on Tuesday, February 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.57%.
On a related note, analysts at Zacks reiterated an “outperform” rating on shares of AAR Corp in a research note to investors on Thursday, December 27th. They now have a $22.00 price target on the stock.
Four analysts have rated the stock with a buy rating, one has given a hold rating, and one has given a sell rating to the company. The stock currently has an average rating of “overweight” and an average target price of $22.80.
Shares of AAR Corp (AIR) traded down 0.88% during mid-day trading on Wednesday, hitting $19.14. AAR Corp (AIR) has a 52 week low of $10.00 and a 52 week high of $23.67. The stock’s 50-day moving average is currently $17.37. The company has a market cap of $731.1 million and a P/E ratio of 11.27.
AAR Corp last issued its quarterly earnings data on Tuesday, December 18th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $512.80 million for the quarter, compared to the consensus estimate of $544.54 million. During the same quarter in 2012, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. AAR Corp has set its FY13 guidance at $1.70-1.80 EPS. On average, analysts predict that AAR Corp (AIR) will post $1.80 earnings per share for the current fiscal year.
AAR CORP. (AAR) is a diversified provider of products and services to the worldwide aviation and government and defense markets.
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