About AAR Corp. (NYSE:AIR)
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. Its services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing. It serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers and independent service providers around the world. Its landing gear overhaul facility is in Miami, Florida, where it repairs and overhauls landing gear, brakes and actuators for various types of commercial and military aircraft.
Industry, Sector and Symbol:
- Sector: Aerospace
- Industry: Aircraft Equipment Wholesale
- Sub-Industry: Aerospace & Defense
- Symbol: NYSE:AIR
- CUSIP: 00036110
- Web: www.aarcorp.com
- Market Cap: $1.34195 billion
- Outstanding Shares: 34,000,000
- 50 Day Moving Avg: $37.38
- 200 Day Moving Avg: $35.82
- 52 Week Range: $31.07 - $39.71
Sales & Book Value:
- Trailing P/E Ratio: 23.29
- Foreward P/E Ratio: 15.76
- P/E Growth: 0.90
- Annual Revenue: $1.8 billion
- Price / Sales: 0.73
- Book Value: $27.20 per share
- Price / Book: 1.43
- Annual Dividend: $0.30
- Dividend Yield: 0.8%
- EBITDA: $134.7 million
- Net Margins: 3.20%
- Return on Equity: 5.66%
- Return on Assets: 3.38%
- Debt-to-Equity Ratio: 0.20%
- Current Ratio: 2.90%
- Quick Ratio: 1.38%
- Average Volume: 195,972 shs.
- Beta: 1.37
- Short Ratio: 5.83
Frequently Asked Questions for AAR Corp. (NYSE:AIR)
What is AAR Corp.'s stock symbol?
AAR Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIR."
How often does AAR Corp. pay dividends? What is the dividend yield for AAR Corp.?
AAR Corp. declared a quarterly dividend on Wednesday, October 11th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.075 per share on Friday, November 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, October 20th. View AAR Corp.'s Dividend History.
How will AAR Corp.'s stock buyback program work?
AAR Corp. declared that its board has initiated a stock repurchase plan on Wednesday, July 12th 2017, which permits the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 20.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.
How were AAR Corp.'s earnings last quarter?
AAR Corp. (NYSE:AIR) posted its earnings results on Tuesday, September, 19th. The company reported $0.31 earnings per share for the quarter, meeting analysts' consensus estimates of $0.31. The firm earned $439.20 million during the quarter, compared to analyst estimates of $410.52 million. AAR Corp. had a net margin of 3.20% and a return on equity of 5.66%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. View AAR Corp.'s Earnings History.
When will AAR Corp. make its next earnings announcement?
Where is AAR Corp.'s stock going? Where will AAR Corp.'s stock price be in 2017?
6 equities research analysts have issued 12 month target prices for AAR Corp.'s shares. Their predictions range from $38.00 to $74.00. On average, they expect AAR Corp.'s stock price to reach $45.67 in the next year. View Analyst Ratings for AAR Corp..
What are analysts saying about AAR Corp. stock?
Here are some recent quotes from research analysts about AAR Corp. stock:
- 1. According to Zacks Investment Research, "AAR Corp.’s first-quarter fiscal 2018 earnings were in line with the Zacks Consensus Estimate, while revenues surpassed the consensus. The company is the largest independent maintenance, repair and overhaul (MRO) provider in North America. Moving ahead, rising air traffic is expected to accelerate maintenance spending on aircraft significantly and drive MRO services growth cycle. Moreover, buoyed by its strong capital deployment activities, AAR Corp.’s share price outperformed the broader industry. However, the company operates in a highly competitive space and is subject to stringent government regulations. Any negative revision in the defense budget candampen its top line. Again, a comparative analysis of the company’s P/E ratio reflects a relatively gloomy picture that might be a cause for investors." (9/22/2017)
- 2. Credit Suisse Group analysts commented, "We believe that the 2017 delivery profile is likely to be back-end loaded again, but less than in 2016. On A350, the ramp-up remains complex but the level of re-work and extra resources is reducing now and the group continues its efforts on reducing recurring costs. As for A400M, it may be possible that the group is sufficiently advanced in discussions with customers to book a provision for liquidated damages in Q4 (as flagged with H1 results), which may be expected to be significantly lower than the H1 charge." (12/2/2016)
Who are some of AAR Corp.'s key competitors?
Some companies that are related to AAR Corp. include Aerojet Rocketdyne Holdings (AJRD), Triumph Group (TGI), Kratos Defense & Security Solutions (KTOS), AeroVironment (AVAV), Engility Holdings (EGL), Astronics Corporation (ATRO), Wesco Aircraft Holdings (WAIR), American Outdoor Brands Corporation (AOBC), Ducommun Incorporated (DCO), Arotech Corporation (ARTX), Rada Electronics Industries Limited (RADA) and Erickson (EAC).
Who are AAR Corp.'s key executives?
AAR Corp.'s management team includes the folowing people:
- David P. Storch, Chairman of the Board, Chief Executive Officer
- John M. Holmes, President, Chief Operating Officer, Director
- Timothy J. Romenesko, Vice Chairman of the Board, Chief Financial Officer
- Michael D. Milligan, Chief Financial Officer, Vice President
- Eric S. Pachapa, Chief Accounting Officer, Vice President, Controller
- Robert J. Regan, Vice President, General Counsel, Secretary
- Ronald R. Fogleman, Lead Independent Director
- Anthony K. Anderson, Independent Director
- Norman R. Bobins, Independent Director
- Michael Ross Boyce, Independent Director
Who owns AAR Corp. stock?
AAR Corp.'s stock is owned by many different of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (3.11%). Company insiders that own AAR Corp. stock include Anthony Anderson, John Mcclain Holmes III, Peter Pace, Robert J Regan, Ronald B Woodard and Timothy J Romenesko. View Institutional Ownership Trends for AAR Corp..
Who sold AAR Corp. stock? Who is selling AAR Corp. stock?
AAR Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC. Company insiders that have sold AAR Corp. stock in the last year include Anthony Anderson, John Mcclain Holmes III, Robert J Regan, Ronald B Woodard and Timothy J Romenesko. View Insider Buying and Selling for AAR Corp..
How do I buy AAR Corp. stock?
Shares of AAR Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AAR Corp.'s stock price today?
MarketBeat Community Rating for AAR Corp. (NYSE AIR)MarketBeat's community ratings are surveys of what our community members think about AAR Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of AAR Corp. stock can currently be purchased for approximately $38.76.
Consensus Ratings for AAR Corp. (NYSE:AIR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$45.67 (17.82% upside)|Consensus Price Target History for AAR Corp. (NYSE:AIR)
Analysts' Ratings History for AAR Corp. (NYSE:AIR)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||Canaccord Genuity||Reiterated Rating||Hold||$40.00||N/A|
|9/12/2017||Seaport Global Securities||Initiated Coverage||Neutral -> Neutral||$39.00||Low|
|8/11/2017||Noble Financial||Reiterated Rating||Buy||Low|
|1/19/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy||$38.00||N/A|
|12/2/2016||Credit Suisse Group||Reiterated Rating||Buy||$74.00||N/A|
Earnings History for AAR Corp. (NYSE:AIR)Earnings History by Quarter for AAR Corp. (NYSE AIR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/19/2017||8/31/2017||$0.31||$0.31||$410.52 million||$439.20 million||View||N/A|
|7/11/2017||5/31/2017||$0.43||$0.44||$486.93 million||$492.30 million||View||N/A|
|3/21/2017||Q3 2017||$0.36||$0.38||$421.60 million||$446.70 million||View||N/A|
|9/22/2016||Q117||$0.26||$0.29||$400.00 million||$404.80 million||View||N/A|
|7/12/2016||Q416||$0.47||$0.32||$458.50 million||$458.20 million||View||N/A|
|3/22/2016||Q316||$0.26||$0.26||$404.17 million||$402.80 million||View||N/A|
|12/17/2015||Q216||$0.29||$0.30||$399.43 million||$423.80 million||View||N/A|
|9/24/2015||Q116||$0.23||$0.23||$414.25 million||$377.80 million||View||N/A|
|7/13/2015||Q415||$0.22||($0.97)||$389.95 million||$415.80 million||View||N/A|
|3/30/2015||Q315||$0.41||$0.94||$509.79 million||$380.10 million||View||N/A|
|12/18/2014||Q215||$0.37||$0.38||$485.30 million||$540.70 million||View||N/A|
|9/23/2014||Q115||$0.38||$0.36||$495.60 million||$469.20 million||View||N/A|
|7/15/2014||Q414||$0.41||$0.43||$510.45 million||$505.40 million||View||N/A|
|3/20/2014||Q314||$0.47||$0.45||$525.63 million||$474.40 million||View||N/A|
|12/19/2013||Q214||$0.48||$0.50||$536.14 million||$540.70 million||View||N/A|
|9/24/2013||Q114||$0.45||$0.45||$542.11 million||$514.50 million||View||N/A|
|7/25/2013||Q4 2013||$0.45||$0.50||$543.28 million||$553.80 million||View||N/A|
|3/19/2013||Q3 2013||$0.43||$0.46||$517.02 million||$520.20 million||View||N/A|
|12/18/2012||Q2 2013||$0.40||$0.44||$544.54 million||$512.80 million||View||N/A|
|9/19/2012||Q113||$0.36||$0.45||$527.46 million||$55.50 million||View||N/A|
|12/15/2010||$0.35||$0.42||$408.57 million||$447.00 million||View||N/A|
Earnings Estimates for AAR Corp. (NYSE:AIR)
2017 EPS Consensus Estimate: $1.46
2018 EPS Consensus Estimate: $1.88
2019 EPS Consensus Estimate: $2.53
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for AAR Corp. (NYSE:AIR)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||17.86% (Trailing 12 Months of Earnings) |
16.57% (Based on This Year's Estimates)
12.20% (Based on Next Year's Estimates)
Dividend History by Quarter for AAR Corp. (NYSE AIR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for AAR Corp. (NYSE:AIR)
Insider Ownership Percentage: 9.33%Insider Trades by Quarter for AAR Corp. (NYSE:AIR)
Institutional Ownership Percentage: 87.44%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/25/2017||Robert J Regan||VP||Sell||28,640||$36.53||$1,046,219.20|| |
|7/17/2017||Timothy J Romenesko||Vice Chairman||Sell||43,200||$37.28||$1,610,496.00|| |
|7/13/2017||Ronald B Woodard||Director||Sell||20,000||$37.22||$744,400.00|| |
|5/16/2017||Anthony Anderson||Director||Sell||3,500||$35.21||$123,235.00|| |
|4/3/2017||John Mcclain Holmes III||VP||Sell||5,000||$34.10||$170,500.00|| |
|10/11/2016||John Mcclain Holmes III||VP||Sell||11,500||$31.45||$361,675.00|| |
|10/3/2016||Robert J Regan||VP||Sell||14,002||$30.92||$432,941.84|| |
|9/26/2016||Peter Pace||Director||Sell||5,000||$29.13||$145,650.00|| |
|9/30/2015||Marc Jay Walfish||Director||Buy||20,000||$18.84||$376,800.00|| |
|7/17/2015||Michael J Sharp||CAO||Sell||5,000||$30.21||$151,050.00|| |
|4/21/2015||Michael J Sharp||CAO||Sell||5,900||$30.45||$179,655.00|| |
|4/17/2015||Ronald R Fogleman||Director||Sell||12,666||$29.46||$373,140.36|| |
|4/15/2015||David P Storch||CEO||Sell||119,004||$30.38||$3,615,341.52|| |
|4/15/2015||Timothy J Romenesko||COO||Sell||41,493||$30.23||$1,254,333.39|| |
|4/10/2015||Randy J Martinez||VP||Sell||50,500||$30.33||$1,531,665.00|| |
|7/31/2014||Peter Pace||Director||Sell||2,200||$26.87||$59,114.00|| |
|7/25/2014||Michael J Sharp||CAO||Sell||2,750||$27.11||$74,552.50|| |
|7/24/2014||John Mcclain Holmes III||VP||Sell||5,000||$27.48||$137,400.00|| |
|7/23/2014||John Mcclain Holmes III||VP||Sell||1,140||$27.82||$31,714.80|| |
|7/22/2014||John Mcclain Holmes III||VP||Sell||700||$28.02||$19,614.00|| |
|7/18/2014||Ronald R Fogleman||Director||Sell||3,500||$27.27||$95,445.00|| |
|4/10/2014||Robert Regan||VP||Sell||10,000||$25.97||$259,700.00|| |
|3/26/2014||Michael Sharp||CAO||Sell||3,018||$27.44||$82,813.92|| |
|12/26/2013||Ronald Woodard||Director||Sell||17,000||$28.88||$490,960.00|| |
|10/15/2013||Randy Martinez||VP||Sell||4,754||$27.31||$129,831.74|| |
|8/1/2013||Ronald B Woodard||Director||Sell||3,500||$24.67||$86,345.00|| |
|7/31/2013||John Mcclain Holmes III||VP||Sell||14,007||$23.68||$331,685.76|| |
|7/31/2013||Michael J Sharp||CAO||Sell||2,500||$24.11||$60,275.00|| |
Headline Trends for AAR Corp. (NYSE:AIR)
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AAR Corp. (AIR) Chart for Monday, October, 23, 2017