AAR (AIR) to Release Quarterly Earnings on Tuesday

AAR (NYSE:AIR - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, September 26th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. AAR had a return on equity of 9.61% and a net margin of 4.53%. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $525.92 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. AAR's revenue was up 16.2% compared to the same quarter last year. On average, analysts expect AAR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AAR Trading Up 3.4 %

Shares of AAR stock opened at $61.76 on Tuesday. The stock has a fifty day simple moving average of $59.65 and a 200 day simple moving average of $56.05. AAR has a 12-month low of $33.75 and a 12-month high of $63.88. The company has a market capitalization of $2.16 billion, a P/E ratio of 24.22 and a beta of 1.61. The company has a current ratio of 3.12, a quick ratio of 1.49 and a debt-to-equity ratio of 0.25.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on AAR from $60.00 to $66.00 in a research note on Wednesday, July 19th. StockNews.com assumed coverage on AAR in a research note on Thursday, August 17th. They issued a "hold" rating for the company. Finally, Truist Financial upped their price objective on AAR from $60.00 to $68.00 in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Insider Activity at AAR

In related news, CAO Eric Pachapa sold 11,996 shares of the firm's stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $58.12, for a total transaction of $697,207.52. Following the transaction, the chief accounting officer now directly owns 32,951 shares of the company's stock, valued at approximately $1,915,112.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Eric Pachapa sold 11,996 shares of the firm's stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $58.12, for a total transaction of $697,207.52. Following the transaction, the chief accounting officer now directly owns 32,951 shares in the company, valued at approximately $1,915,112.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 14,778 shares of the firm's stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.95, for a total value of $885,941.10. Following the transaction, the chief accounting officer now owns 35,517 shares in the company, valued at $2,129,244.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,971 shares of company stock valued at $2,959,062. Corporate insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently bought and sold shares of AIR. Mariner LLC bought a new stake in shares of AAR in the 4th quarter worth approximately $216,000. Ethic Inc. bought a new stake in shares of AAR in the 1st quarter worth approximately $202,000. CIBC Asset Management Inc bought a new stake in shares of AAR in the 2nd quarter worth approximately $201,000. Quantbot Technologies LP grew its position in shares of AAR by 726.6% in the 2nd quarter. Quantbot Technologies LP now owns 4,439 shares of the aerospace company's stock worth $185,000 after buying an additional 3,902 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of AAR by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,850 shares of the aerospace company's stock worth $165,000 after buying an additional 183 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.

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