AAR Corp.(NYSE:AIR) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $446.700M. Analysts estimated a revenue of $418.380M. The revenues were 6.77% above the estimates. Earnings per share were $0.38. The reported EPS was above estimates by 5.56%. Analysts had estimated an EPS of $0.36.
In a different note, SunTrust Robinson Humphrey said it Initiates Coverage On AAR Corp., according to a research note issued on Jan 19, 2017. In the research note, the firm Announces the price-target to $38 per share. The shares have been rated ‘Buy’ by the firm.
AAR Corp. (AIR) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.38% at a volume of 2,62,689. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.6. The peak price level was also seen at $34.6 while the days lowest was $33.92. Finally the shares closed at $34.02. The 52-week high of the shares is $38.75 while the 52-week low is $21.4501. According to the latest information available, the market cap of the company is $1,168 M.
Several Insider Transactions has been reported to the SEC. On Oct 11, 2016, John Mcclain Iii Holmes (Vice President; COO Av Serv) sold 11,500 shares at $31.58 per share price.Also, On Oct 3, 2016, Robert J Regan (VP, GC, Secretary) sold 14,002 shares at $30.92 per share price.On Sep 26, 2016, Peter Pace (director) sold 5,000 shares at $29.13 per share price, according to the Form-4 filing with the securities and exchange commission.
AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services which provides aftermarket support and services for the commercial aviation and government and defense markets and Technology Products which is involved in the design manufacture and repair of transportation pallets and a range of containers and shelters used in support of military and humanitarian tactical deployment activities. The Companys products services include aviation supply chain and parts support programs; maintenance repair and overhaul of aircraft and landing gear; design and manufacture of specialized mobility and cargo systems and composite and other precision machined structures; expeditionary airlift services and aircraft modifications and aircraft and engine sales and leasing.