AAR (NYSE:AIR) Announces Earnings Results

AAR (NYSE:AIR) issued its quarterly earnings results on Tuesday. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07, Zacks reports. AAR had a net margin of 2.67% and a return on equity of 10.22%.

AAR Stock Performance

Shares of AAR stock traded down $0.32 during trading on Tuesday, hitting $61.81. 442,674 shares of the stock were exchanged, compared to its average volume of 278,381. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $64.54 and a 200-day moving average price of $65.36. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 33.96 and a beta of 1.61. AAR has a 1-year low of $54.71 and a 1-year high of $76.34.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.00.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.