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.

AAR Trading Down 0.7 %

Shares of NYSE:AIR traded down $0.31 during midday trading on Thursday, reaching $46.32. The stock had a trading volume of 126,257 shares, compared to its average volume of 348,680. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 21.15 and a beta of 1.52. AAR has a twelve month low of $30.90 and a twelve month high of $52.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.31 and a current ratio of 2.89. The company's 50 day moving average price is $43.49 and its 200 day moving average price is $45.01.

AAR (NYSE:AIR - Get Rating) last issued its quarterly 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 firm had revenue of $476.10 million during the quarter, compared to analyst estimates of $455.50 million. AAR had a return on equity of 8.53% and a net margin of 4.32%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts expect that AAR will post 2.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TheStreet downgraded shares of AAR from a "b-" rating to a "c+" rating in a research report on Friday, July 22nd. Truist Financial cut their target price on shares of AAR from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.00.

Insider Activity

In other news, Director David P. Storch sold 25,000 shares of AAR stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $46.81, for a total value of $1,170,250.00. Following the completion of the sale, the director now owns 315,090 shares in the company, valued at approximately $14,749,362.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.50% of the stock is currently owned by company insiders.