AAR Corp. (AIR) Expected to Post Quarterly Sales of $489.15 Million

Equities analysts expect AAR Corp. (NYSE:AIR) to post sales of $489.15 million for the current quarter, Zacks reports. Three analysts have provided estimates for AAR’s earnings. The lowest sales estimate is $471.65 million and the highest is $500.80 million. AAR reported sales of $439.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The business is expected to report its next earnings results on Tuesday, September 18th.

According to Zacks, analysts expect that AAR will report full-year sales of $2.15 billion for the current financial year, with estimates ranging from $2.13 billion to $2.20 billion. For the next year, analysts anticipate that the business will report sales of $2.29 billion per share, with estimates ranging from $2.28 billion to $2.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AAR.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 10th. The aerospace company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. AAR had a return on equity of 6.39% and a net margin of 0.85%. The company had revenue of $474.00 million for the quarter, compared to the consensus estimate of $483.51 million. During the same period in the previous year, the business earned $0.44 earnings per share. AAR’s quarterly revenue was up 5.1% compared to the same quarter last year.



Several brokerages have recently commented on AIR. Canaccord Genuity restated a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of AAR in a research report on Wednesday, July 11th. Zacks Investment Research downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. Finally, Seaport Global Securities restated a “buy” rating and issued a $52.00 price objective on shares of AAR in a research report on Friday, July 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.60.

Shares of AAR stock traded down $0.58 during trading hours on Tuesday, hitting $46.04. The company’s stock had a trading volume of 109,423 shares, compared to its average volume of 169,150. AAR has a 12-month low of $34.25 and a 12-month high of $49.05. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.59 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Friday, July 20th were given a $0.075 dividend. The ex-dividend date was Thursday, July 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.65%. AAR’s dividend payout ratio is currently 16.76%.

In related news, CAO Eric Pachapa sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $46.75, for a total value of $140,250.00. Following the sale, the chief accounting officer now directly owns 9,626 shares in the company, valued at $450,015.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Regan sold 24,239 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $47.36, for a total value of $1,147,959.04. Following the completion of the sale, the vice president now owns 116,777 shares in the company, valued at $5,530,558.72. The disclosure for this sale can be found here. Insiders sold 102,739 shares of company stock worth $4,850,280 over the last quarter. 9.33% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its stake in shares of AAR by 144.1% during the first quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock valued at $139,000 after buying an additional 1,857 shares during the last quarter. Adviser Investments LLC bought a new position in shares of AAR during the first quarter valued at approximately $166,000. Amalgamated Bank bought a new position in shares of AAR during the first quarter valued at approximately $204,000. Keybank National Association OH bought a new position in shares of AAR during the second quarter valued at approximately $208,000. Finally, SG Americas Securities LLC grew its stake in shares of AAR by 92.5% during the first quarter. SG Americas Securities LLC now owns 4,972 shares of the aerospace company’s stock valued at $219,000 after buying an additional 2,389 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

About AAR

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.

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