AAR - AIR Stock Forecast, Price & News

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S. department of defense and foreign governments. In addition, it offers airframe inspection, maintenance, repair and overhaul, painting, line maintenance, airframe modification, structural repair, avionic and installation, exterior and interior refurbishment, and engineering and support services; and repairs and overhauls components, landing gears, wheels, and brakes. The Expeditionary Services segment provides products and services supporting the movement of equipment and personnel by the U.S. and foreign governments, and non-governmental organizations. This segment also designs, manufactures, and repairs transportation pallets, and various containers and shelters; and provides engineering, design, and system integration services for command and control systems. The company serves domestic and foreign passenger airlines; domestic and foreign cargo airlines; regional and commuter airlines; business and general aviation operators; original equipment manufacturers; aircraft leasing companies; aftermarket aviation support companies; and domestic and foreign military customers. It primarily markets and sells products and services through its employees and foreign sales representatives. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIR. Truist Financial dropped their target price on shares of AAR from $58.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. TheStreet cut shares of AAR from a "b-" rating to a "c+" rating in a research report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AAR presently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

AAR Stock Performance

Shares of AIR opened at $47.89 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 1.31 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.70 billion, a PE ratio of 21.87 and a beta of 1.53. The company's 50 day simple moving average is $43.41 and its 200-day simple moving average is $45.20. AAR has a 12-month low of $30.90 and a 12-month high of $52.83.

AAR (NYSE:AIR - Get Rating) last announced its earnings results on Thursday, July 21st. The aerospace company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.07). The business had revenue of $476.10 million for the quarter, compared to analysts' expectations of $455.50 million. AAR had a return on equity of 8.53% and a net margin of 4.32%. The business's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. As a group, equities analysts predict that AAR will post 2.96 EPS for the current year.

Insider Transactions at AAR

In related news, Director David P. Storch sold 25,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $46.81, for a total transaction of $1,170,250.00. Following the completion of the sale, the director now directly owns 315,090 shares of the company's stock, valued at $14,749,362.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.74% of the company's stock.