AAR (NYSE:AIR) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.45-2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.79. The company issued revenue guidance of $2.1-2.2 billion, compared to the consensus revenue estimate of $2.13 billion.AAR also updated its FY 2020 guidance to $2.45-2.65 EPS.

Shares of AIR stock opened at $42.62 on Friday. The firm has a 50 day moving average of $34.13. AAR has a one year low of $29.84 and a one year high of $51.52. The company has a market capitalization of $1.37 billion, a PE ratio of 18.06 and a beta of 1.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 1.33.

AAR (NYSE:AIR) last announced its earnings results on Wednesday, July 10th. The aerospace company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. AAR had a return on equity of 9.71% and a net margin of 0.37%. The business had revenue of $562.70 million for the quarter, compared to analysts’ expectations of $529.49 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue was up 18.8% on a year-over-year basis. Sell-side analysts predict that AAR will post 2.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, July 18th. AAR’s payout ratio is presently 12.71%.

AIR has been the topic of several recent analyst reports. Canaccord Genuity dropped their price target on Western Energy Services from C$0.50 to C$0.40 in a research note on Wednesday, March 20th. Stifel Nicolaus initiated coverage on AAR in a research note on Monday. They issued a buy rating and a $50.00 price target on the stock. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research note on Tuesday, May 21st. Finally, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $49.57.

AAR Company Profile

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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Earnings History and Estimates for AAR (NYSE:AIR)

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