Aerojet Rocketdyne - AJRD Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aerojet Rocketdyne in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AJRD shares.
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2 Wall Street analysts have issued 12 month price objectives for Aerojet Rocketdyne's stock. Their AJRD share price forecasts range from $36.00 to $49.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
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Aerojet Rocketdyne's stock was trading at $46.76 at the start of the year. Since then, AJRD shares have decreased by 11.9% and is now trading at $41.20.
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Aerojet Rocketdyne saw a decrease in short interest in August. As of August 31st, there was short interest totaling 3,150,000 shares, a decrease of 9.5% from the August 15th total of 3,480,000 shares. Based on an average daily trading volume, of 774,300 shares, the days-to-cover ratio is currently 4.1 days. Currently, 4.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) released its earnings results on Monday, August, 1st. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.27. The aerospace company had revenue of $528.50 million for the quarter, compared to analysts' expectations of $570.53 million. Aerojet Rocketdyne had a net margin of 5.74% and a trailing twelve-month return on equity of 26.51%. The company's revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS.

118 employees have rated Aerojet Rocketdyne Chief Executive Officer Eileen Drake on Glassdoor.com. Eileen Drake has an approval rating of 46% among the company's employees. This puts Eileen Drake in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aerojet Rocketdyne investors own include NVIDIA (NVDA), Micron Technology (MU), Cisco Systems (CSCO), Boeing (BA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), AT&T (T), QUALCOMM (QCOM) and International Business Machines (IBM).

Aerojet Rocketdyne trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJRD."

Aerojet Rocketdyne's stock is owned by many different institutional and retail investors. Top institutional shareholders include Millennium Management LLC (4.75%), State Street Corp (4.71%), Gamco Investors INC. ET AL (3.44%), Nuance Investments LLC (2.70%), Reinhart Partners Inc. (1.74%) and UBS Group AG (1.72%). Insiders that own company stock include Daniel L Boehle, Eileen P Drake, Mark A Tucker and Thomas A Corcoran.
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Shares of AJRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AJRD stock can currently be purchased for approximately $41.20.

Aerojet Rocketdyne (NYSE:AJRD) has a market capitalization of $3.31 billion and generates $2.19 billion in revenue each year. The aerospace company earns $143.70 million in net income (profit) each year or $1.51 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Aerojet Rocketdyne's mailing address is 222 N. Pacific Coast Highway Suite 500, El Segundo CA, 90245. The official website for the company is www.aerojetrocketdyne.com. The aerospace company can be reached via phone at (252) 252-8100, via email at ir@aerojetrocketdyne.com, or via fax at 916-351-8668.