Analysts expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) to post $504.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aerojet Rocketdyne’s earnings. The lowest sales estimate is $493.04 million and the highest is $524.90 million. Aerojet Rocketdyne posted sales of $437.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The firm is expected to report its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that Aerojet Rocketdyne will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.95 billion to $1.98 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.05 billion, with estimates ranging from $2.03 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $481.80 million for the quarter, compared to analyst estimates of $505.47 million. Aerojet Rocketdyne had a return on equity of 27.14% and a net margin of 7.34%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share.

Several research analysts have recently weighed in on the company. Jefferies Financial Group raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $57.00 in a research report on Tuesday, January 7th. ValuEngine raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.20.

Several hedge funds have recently bought and sold shares of AJRD. First Trust Advisors LP boosted its position in shares of Aerojet Rocketdyne by 20.9% during the first quarter. First Trust Advisors LP now owns 102,395 shares of the aerospace company’s stock worth $3,638,000 after buying an additional 17,684 shares during the period. Russell Investments Group Ltd. raised its holdings in Aerojet Rocketdyne by 197.8% during the second quarter. Russell Investments Group Ltd. now owns 21,738 shares of the aerospace company’s stock worth $972,000 after acquiring an additional 14,438 shares in the last quarter. LPL Financial LLC raised its holdings in Aerojet Rocketdyne by 26.9% during the second quarter. LPL Financial LLC now owns 7,905 shares of the aerospace company’s stock worth $354,000 after acquiring an additional 1,675 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Aerojet Rocketdyne by 1.7% during the second quarter. Parametric Portfolio Associates LLC now owns 97,664 shares of the aerospace company’s stock worth $4,372,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Aerojet Rocketdyne during the second quarter worth about $256,000.

Shares of AJRD stock traded down $0.12 on Monday, hitting $51.58. 345,988 shares of the stock were exchanged, compared to its average volume of 699,510. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4.07 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 4.88 and a beta of 0.41. The business has a 50-day moving average of $48.11 and a 200 day moving average of $47.51. Aerojet Rocketdyne has a fifty-two week low of $30.11 and a fifty-two week high of $53.99.

About Aerojet Rocketdyne

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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Earnings History and Estimates for Aerojet Rocketdyne (NYSE:AJRD)

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