Aerojet Rocketdyne - AJRD Stock Forecast, Price & News

2 Wall Street 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 research analysts is that investors should "buy" AJRD shares.
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2 analysts have issued 12-month target prices for Aerojet Rocketdyne's shares. Their AJRD share price forecasts range from $36.00 to $49.00. On average, they expect the company's stock price to reach $44.00 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Aerojet Rocketdyne's stock was trading at $46.76 at the beginning of 2022. Since then, AJRD stock has decreased by 14.5% and is now trading at $39.99.
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Aerojet Rocketdyne saw a decline in short interest in September. As of September 15th, there was short interest totaling 2,700,000 shares, a decline of 14.3% from the August 31st total of 3,150,000 shares. Based on an average daily trading volume, of 729,600 shares, the short-interest ratio is presently 3.7 days. Currently, 3.6% of the company's shares are sold short.
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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) announced its quarterly earnings data on Monday, August, 1st. The aerospace company reported $0.20 earnings per share 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 the consensus estimate 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 firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share.

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."

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 $39.99.

Aerojet Rocketdyne (NYSE:AJRD) has a market capitalization of $3.22 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.