Shares of AAR Corp. (NYSE:AIR) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $30.00 for the company and are forecasting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given AAR Corp. an industry rank of 91 out of 265 based on the ratings given to related companies.
AIR has been the topic of a number of research reports. Credit Suisse Group AG restated a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th. TheStreet upgraded AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Zacks Investment Research lowered AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th.
Shares of AAR Corp. (NYSE:AIR) opened at 29.01 on Tuesday. AAR Corp. has a 52 week low of $18.36 and a 52 week high of $29.21. The stock’s 50 day moving average is $25.77 and its 200-day moving average is $24.05. The stock has a market capitalization of $989.21 million, a price-to-earnings ratio of 21.21 and a beta of 1.90.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $404.80 million for the quarter, compared to analyst estimates of $398.35 million. AAR Corp. had a return on equity of 4.50% and a net margin of 2.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, analysts anticipate that AAR Corp. will post $1.36 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of AIR. Teacher Retirement System of Texas increased its stake in shares of AAR Corp. by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,673 shares of the company’s stock worth $109,000 after buying an additional 559 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock worth $127,000 after buying an additional 150 shares during the last quarter. Springbok Capital Management LLC increased its stake in shares of AAR Corp. by 6,100.0% in the first quarter. Springbok Capital Management LLC now owns 6,200 shares of the company’s stock worth $144,000 after buying an additional 6,100 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of AAR Corp. by 12.1% in the second quarter. Public Employees Retirement System of Ohio now owns 6,223 shares of the company’s stock worth $145,000 after buying an additional 670 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in shares of AAR Corp. during the second quarter worth about $149,000. 87.85% of the stock is owned by hedge funds and other institutional investors.
About AAR Corp.
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.