Somewhat Favorable News Coverage Somewhat Unlikely to Impact AAR Corp. (NYSE:AIR) Stock Price
Media headlines about AAR Corp. (NYSE:AIR) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AAR Corp. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 46.612344318917 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- AAR (AIR) Up 6.7% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- AAR Corp. breached its 50 day moving average in a Bearish Manner : AIR-US : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about AAR Corp. (finance.yahoo.com)
- Mesa Adaptive MA In Focus for Jetcom Inc (JTCMF) (wisdomsave.com)
- Food Revolution Group Ltd (FOD.AX) Mesa Adaptive MA Sitting Above FAMA (famososartistas.com)
Shares of AAR Corp. (NYSE:AIR) opened at 35.37 on Friday. AAR Corp. has a 1-year low of $23.34 and a 1-year high of $38.75. The stock has a market capitalization of $1.19 billion, a PE ratio of 21.65 and a beta of 1.38. The stock has a 50 day moving average price of $36.07 and a 200-day moving average price of $34.65.
AAR Corp. (NYSE:AIR) last announced its earnings results on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. AAR Corp. had a return on equity of 5.69% and a net margin of 3.20%. The company had revenue of $492.30 million for the quarter, compared to analyst estimates of $486.93 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that AAR Corp. will post $1.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Friday, July 21st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.30 annualized dividend and a yield of 0.85%. AAR Corp.’s payout ratio is presently 18.18%.
AAR Corp. announced that its board has authorized a stock buyback plan on Tuesday, July 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire up to 20.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A number of research firms have issued reports on AIR. Noble Financial reiterated a “buy” rating on shares of AAR Corp. in a report on Friday. Zacks Investment Research upgraded AAR Corp. from a “sell” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, May 23rd. Finally, BidaskClub downgraded AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.80.
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In other AAR Corp. news, Director Ronald B. Woodard sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $37.22, for a total transaction of $744,400.00. Following the sale, the director now owns 20,073 shares in the company, valued at approximately $747,117.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $37.28, for a total value of $1,610,496.00. Following the sale, the insider now owns 317,665 shares in the company, valued at approximately $11,842,551.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,340 shares of company stock worth $3,524,350. Company insiders own 8.23% of the company’s stock.
AAR Corp. Company Profile
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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