AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. 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 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 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, as well as composite materials for commercial, business, and military aircraft; and provides engineering, design, and system integration services for command and control systems. It serves commercial, defense, and governmental aircraft fleet operators; original equipment manufacturers; and independent service providers, as well as various other domestic and foreign military customers. The company 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Aircraft & parts
Sub-IndustryAerospace & Defense
SectorAerospace
SymbolNYSE:AIR
CUSIP00036110
Phone630-227-2000
Debt
Debt-to-Equity Ratio0.19
Current Ratio2.83
Quick Ratio1.45
Price-To-Earnings
Trailing P/E Ratio25.34
Forward P/E Ratio16.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.75 billion
Price / Sales0.90
Cash Flow$3.0116 per share
Price / Cash15.06
Book Value$26.95 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$1.79
Net Income$15.60 million
Net Margins0.85%
Return on Equity6.39%
Return on Assets3.85%
Miscellaneous
Employees5,000
Outstanding Shares34,740,000
Market Cap$1.55 billion
AAR (NYSE:AIR) Frequently Asked Questions
What is AAR's stock symbol?
AAR trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIR."
How often does AAR pay dividends? What is the dividend yield for AAR?
AAR declared a quarterly dividend on Tuesday, July 10th. Shareholders of record on Friday, July 20th will be paid a dividend of $0.075 per share on Tuesday, July 31st. This represents a $0.30 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, July 19th. View AAR's Dividend History.
How will AAR's stock buyback program work?
AAR declared that its Board of Directors has authorized a share buyback plan on Wednesday, July 12th 2017, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 20.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.
How were AAR's earnings last quarter?
AAR Corp. (NYSE:AIR) released its quarterly earnings results on Tuesday, July, 10th. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The aerospace company earned $474 million during the quarter, compared to analyst estimates of $483.51 million. AAR had a net margin of 0.85% and a return on equity of 6.39%. AAR's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. View AAR's Earnings History.
When is AAR's next earnings date?
What guidance has AAR issued on next quarter's earnings?
AAR updated its FY19 earnings guidance on Tuesday, July, 10th. The company provided EPS guidance of $2.50-$2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.71. The company issued revenue guidance of $2.1-$2.2 billion, compared to the consensus revenue estimate of $2.14 billion.
What price target have analysts set for AIR?
5 brokerages have issued 12 month target prices for AAR's stock. Their predictions range from $50.00 to $52.00. On average, they expect AAR's share price to reach $51.25 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Price Targets for AAR.
What is the consensus analysts' recommendation for AAR?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AAR in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for AAR.
What are Wall Street analysts saying about AAR stock?
Here are some recent quotes from research analysts about AAR stock:
- 1. Canaccord Genuity analysts commented, "We are adjusting our Q1/19 revenue estimate by ~$40M due to timing issues in the MRO market. Specifically, the delays in new A320 and 737 aircraft deliveries, due largely to delays in new engine deliveries, have resulted in stronger-than-expected demand for the current aircraft fleet. Typically, when airline MRO activity hits its usual seasonal low in the summer, AAR can offset this decline at least partially with one-off visits from lessor-owned aircraft. As a result of the ~125 new aircraft delivery delays, lessors are not taking aircraft in for MRO at the usual rate. This is creating a revenue headwind for AAR in fiscal Q1/19. Management highlighted its Q1/19 outlook at our recent Global Growth Conference." (8/16/2018)
- 2. According to Zacks Investment Research, "AAR Corp. expects its supply chain to witness strong growth with continued demand in MRO businesses. The company’s Aviation Services segment continues to benefit significantly from its strong position in the growing global aviation market. Going ahead, a favorable trend in both commercial, government and defense customers for comprehensive supply chain and maintenance programs should continue to drive this segment’s growth. It also outperformed its industry in past one year. The company is exposed to currency fluctuation risks due to its geographically expanded client base and operations beyond the U.S. In addition, certain of AAR Corp.’s airline customers have in the past been impacted by tight credit markets, which limited their ability to buy parts, services, engines, and aircraft. AAR Corp. operates in a space that is highly competitive and consists of both big and small industry players." (7/24/2018)
Who are some of AAR's key competitors?
Some companies that are related to AAR include Hexcel (HXL), Curtiss-Wright (CW), CAE (CAE), MEGGITT PLC/ADR (MEGGY), Elbit Systems (ESLT), COBHAM PLC/ADR (CBHMY), KLX (KLXI), Embraer (ERJ), Moog Inc Class A (MOG.A), Aerojet Rocketdyne (AJRD), Moog Inc Class B (MOG.B), Esterline Technologies (ESL), AeroVironment (AVAV), Kratos Defense & Security Solutions (KTOS) and Wesco Aircraft (WAIR).
Who are AAR's key executives?
AAR's management team includes the folowing people:
- Mr. John McClain Holmes III, CEO, Pres & Director (Age 41)
- Mr. Eric S. Pachapa, VP, Controller & Chief Accounting Officer (Age 45)
- Mr. Robert J. Regan, VP, Gen. Counsel & Sec. (Age 60)
- Mr. Michael D. Milligan, CFO & VP (Age 54)
- Mr. Terry D. Stinson, Exec. VP (Age 76)
Has AAR been receiving favorable news coverage?
News stories about AIR stock have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AAR earned a coverage optimism score of 0.15 on Accern's scale. They also assigned media stories about the aerospace company an impact score of 45.06 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for AAR.
Who are AAR's major shareholders?
AAR's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.19%), Dimensional Fund Advisors LP (8.38%), Vaughan Nelson Investment Management L.P. (3.20%), Fisher Asset Management LLC (2.89%), Glenmede Trust Co. NA (2.01%) and Rothschild Asset Management Inc. (1.81%). Company insiders that own AAR stock include Anthony Anderson, David P Storch, Eric Pachapa, John Mcclain Holmes III, Peter Pace, Robert J Regan, Ronald B Woodard, Ronald R Fogleman and Timothy J Romenesko. View Institutional Ownership Trends for AAR.
Which major investors are selling AAR stock?
AIR stock was sold by a variety of institutional investors in the last quarter, including Heartland Advisors Inc., Monarch Partners Asset Management LLC, First Trust Advisors LP, Castleark Management LLC, Columbus Circle Investors, Dimensional Fund Advisors LP, Rice Hall James & Associates LLC and Migdal Insurance & Financial Holdings Ltd.. Company insiders that have sold AAR company stock in the last year include Anthony Anderson, David P Storch, Eric Pachapa, Peter Pace, Robert J Regan and Ronald R Fogleman. View Insider Buying and Selling for AAR.
Which major investors are buying AAR stock?
AIR stock was acquired by a variety of institutional investors in the last quarter, including Glenmede Trust Co. NA, Advisors Asset Management Inc., Federated Investors Inc. PA, Vaughan Nelson Investment Management L.P., BlackRock Inc., Cortina Asset Management LLC, Sei Investments Co. and State of Wisconsin Investment Board. View Insider Buying and Selling for AAR.
How do I buy shares of AAR?
Shares of AIR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AAR's stock price today?
One share of AIR stock can currently be purchased for approximately $45.3550.
How big of a company is AAR?
AAR has a market capitalization of $1.55 billion and generates $1.75 billion in revenue each year. The aerospace company earns $15.60 million in net income (profit) each year or $1.79 on an earnings per share basis. AAR employs 5,000 workers across the globe.
How can I contact AAR?
AAR's mailing address is ONE AAR PLACE 1100 N. WOOD DALE ROAD, WOOD DALE IL, 60191. The aerospace company can be reached via phone at 630-227-2000 or via email at [email protected]
MarketBeat Community Rating for AAR (NYSE AIR)
MarketBeat's community ratings are surveys of what our community members think about AAR and other stocks. Vote "Outperform" if you believe AIR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIR will underperform the S&P 500 over the long term. You may vote once every thirty days.
