AAR (NYSE:AIR) Releases Earnings Results, Beats Estimates By $0.19 EPS

Key Points

• AAR reported quarterly EPS of $1.49, beating analysts’ consensus estimate of $1.30 by $0.19. The company posted a 12.67% return on equity and a 5.67% net margin.
• AAR shares fell 0.5% to $115.58 during Monday trading, with the stock valued at approximately $4.61 billion and trading at a price-to-earnings ratio of 23.93.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $139.60; Jefferies recently raised its target to $155.

AAR (NYSE:AIR - Get Free Report) announced its quarterly earnings data on Monday. The aerospace company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.30 by $0.19, Zacks reports. AAR had a return on equity of 12.67% and a net margin of 5.67%.

AAR Trading Down 0.5%

Shares of AIR stock traded down $0.53 during trading hours on Monday, reaching $115.58. 566,527 shares of the stock were exchanged, compared to its average volume of 465,359. AAR has a 12-month low of $76.10 and a 12-month high of $154.00. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.93 and a beta of 1.11. The company's 50-day moving average price is $132.55 and its 200-day moving average price is $123.80. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

Wall Street Analysts Forecast Growth

AIR has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on AAR from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Zacks Research raised shares of AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Weiss Ratings cut shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 target price on shares of AAR in a report on Monday. Finally, KeyCorp reissued a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.60.

About AAR

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR's offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.

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