AAR rises after Q1 results beat estimates

** Shares of aviation aftermarket services provider AAR AIR.N rise ~7% to $123 premarket

** AAR on Monday reports Q1 adjusted earnings per share of $1.49, compared to $1.08 a year ago

** Sees annual sales growth in the low teens, compared with its previous forecast of low double-digit to low-teen growth

** Co also says it is acquiring a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion

** Transaction expected to close in AAR's fiscal third quarter ending February 2027

** Co to pay a termination fee of $100 million or $150 million if the deal is terminated due to a failure to obtain competition approval, according to SEC filings

** Median PT of 8 brokerages covering the stock is $145 - data compiled by LSEG

** As of last close, stock up ~40% YTD