Brokerages forecast that AAR Corp. (NYSE:AIR) will report earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Three analysts have issued estimates for AAR Corp.’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.40. AAR Corp. posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to issue its next quarterly earnings results on Wednesday, December 20th.

According to Zacks, analysts expect that AAR Corp. will report full year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.92. For the next fiscal year, analysts forecast that the company will post earnings of $2.46 per share, with EPS estimates ranging from $2.28 to $2.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover AAR Corp..

AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $439.20 million during the quarter, compared to the consensus estimate of $410.52 million. AAR Corp. had a net margin of 3.20% and a return on equity of 5.66%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share.

A number of research firms recently commented on AIR. Zacks Investment Research raised shares of AAR Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Noble Financial reaffirmed a “buy” rating on shares of AAR Corp. in a research note on Thursday, July 13th. BidaskClub cut shares of AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Canaccord Genuity began coverage on shares of AAR Corp. in a research note on Wednesday, September 6th. They set a “hold” rating and a $40.00 price target for the company. Finally, Seaport Global Securities began coverage on shares of AAR Corp. in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.71.

Shares of AAR Corp. (NYSE:AIR) traded down 1.65% during trading on Friday, hitting $36.94. 333,536 shares of the stock traded hands. The stock has a market cap of $1.26 billion, a PE ratio of 22.20 and a beta of 1.39. The firm’s 50-day moving average price is $35.81 and its 200-day moving average price is $35.09. AAR Corp. has a 12 month low of $27.59 and a 12 month high of $38.75.

AAR Corp. announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 20.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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In related news, VP Robert J. Regan sold 28,640 shares of AAR Corp. stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $36.53, for a total transaction of $1,046,219.20. Following the completion of the sale, the vice president now owns 114,193 shares in the company, valued at approximately $4,171,470.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald B. Woodard sold 20,000 shares of AAR Corp. stock in a transaction dated Thursday, July 13th. The shares were 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 of the company’s stock, valued at approximately $747,117.06. The disclosure for this sale can be found here. Insiders have sold a total of 91,840 shares of company stock valued at $3,401,115 in the last quarter. 9.33% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its holdings in AAR Corp. by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,488 shares of the aerospace company’s stock valued at $1,164,000 after buying an additional 93 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in AAR Corp. by 0.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 26,613 shares of the aerospace company’s stock valued at $925,000 after buying an additional 150 shares in the last quarter. Texas Permanent School Fund lifted its holdings in AAR Corp. by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 23,309 shares of the aerospace company’s stock valued at $810,000 after buying an additional 195 shares in the last quarter. Arizona State Retirement System lifted its holdings in AAR Corp. by 1.8% during the 1st quarter. Arizona State Retirement System now owns 16,646 shares of the aerospace company’s stock valued at $560,000 after buying an additional 300 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in AAR Corp. by 10.1% during the 1st quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock valued at $114,000 after buying an additional 309 shares in the last quarter. Institutional investors own 87.44% 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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Earnings History and Estimates for AAR Corp. (NYSE:AIR)

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