AAR (NYSE:AIR) Issues Quarterly Earnings Results

AAR (NYSE:AIR - Get Free Report) posted its quarterly earnings results on Thursday. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03, Briefing.com reports. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm's revenue for the quarter was up 19.5% on a year-over-year basis.

AAR Trading Down 1.9 %

AAR stock traded down $1.07 during mid-day trading on Monday, reaching $56.07. 622,512 shares of the company traded hands, compared to its average volume of 280,504. The firm's 50 day moving average price is $66.40 and its 200 day moving average price is $65.38. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 200.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR has a 52-week low of $54.19 and a 52-week high of $76.34.

Analyst Ratings Changes

AIR has been the subject of a number of recent research reports. Truist Financial lowered their target price on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research note on Friday. StockNews.com downgraded AAR from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, KeyCorp began coverage on shares of AAR in a report on Thursday, January 16th. They issued an "overweight" rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AAR has an average rating of "Moderate Buy" and a consensus target price of $80.80.

Insider Activity at AAR

In related news, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares in the company, valued at $4,449,913.60. This trade represents a 34.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at $4,797,383.58. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock worth $12,538,396 over the last 90 days. 4.10% of the stock is owned by company insiders.

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.