AAR CORP. reports results for the quarter ended August 31 - Earnings Summary

• AAR CORP. AIR.N reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of eight analysts for the quarter was for earnings of $1.29 per share. Wall Street expected results to range from $1.25 to $1.35 per share.

• Revenue rose 24.1% to $918.00 million from a year ago; analysts expected $879.22 million.

• AAR CORP.'s reported EPS for the quarter was $1.00​.

• The company reported quarterly net income of $40.1 million.

• AAR CORP. shares had fallen by 19.5% this quarter and gained 39.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for AAR CORP. is $145.00, about 20.6% above its last closing price of $115.09

This summary was machine generated from LSEG data September 29 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)