AAR Corp. (AIR) News
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AIR News Highlights
- AIR's 30 day story count now stands at 13.
- Over the past 11 days, the trend for AIR's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- The most mentioned tickers in articles about AIR are AA, ADBE and DOW.
Latest AIR News From Around the Web
Below are the latest news stories about Aar Corp that investors may wish to consider to help them evaluate AIR as an investment opportunity.
AAR (AIR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
New Strong Buy Stocks for March 26th
AAR continues to advance aviation technician development: earned recognition from U.S. Department of Labor and signed MOU with American Association of Port Authority’s ACCELerate Apprenticeship Program
Wood Dale, March 25, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading aviation services provider to commercial and governments operators, MROs and OEMs worldwide, announces that its EAGLE Career Pathways program for aircraft maintenance technicians (AMTs) has been recognized by the U.S. Department of Labor’s (DOL) Employment and Training Division as a nationally registered apprenticeship. AAR's program standards were approved by the DOL’s Office of Apprenticeship in Washington, D.C., in February. In addition, AAR has signed a Memorandum of Understanding (MOU) with the American Association of Port Authority’s (AAPA) ACCELerate Apprenticeships program. The program’s goal is to provide competency-based curriculums, on-the-job training, program development assistance and incentive fundin...
AAR Corp. (AIR) Q3 2021 Earnings Conference Call March 23, 2021, 04:45 PM ET Company Participants John Holmes - President and CEO Sean Gillen - CFO Conference Call Participants Robert Spingarn - Credit Suisse Ken Herbert - Canaccord Joseph DeNardi - Stifel Michael Ciarmoli - Truist Securities Josh Sullivan -...
Shares of AAR Corp. rose 2.6% in Tuesday’s extended trading session after the aviation company posted better-than-expected fiscal 3Q (ended Feb. 28) earnings. Meanwhile, sales for the quarter missed analysts’ expectations. AAR’s (AIR) 3Q adjusted earnings were $0.37 per share, down 44.8% year-over-year but beat analysts’ expectations of $0.29. Sales of $410.3 million missed the Street’s estimates of $414.6 million and decreased 25.8% from the year-ago period. The decline reflected the continued impact of the pandemic on sales to commercial customers, down 42%. The company’s selling, general and administrative expenses decreased 22.7% year-over-year to $44.9 million. Additionally, the adjusted gross margin was 16.1%, up 10 basis points.
The stock market continued to see crosscurrents on Wednesday morning, as investors tried to figure out what direction stocks are likely to go during the rest of 2021. Although 2020's gains were extremely robust among many stocks, market participants are looking to cash in on the companies whose shares largely got neglected last year. Let's look more closely to find out what helped shares of Alcoa (NYSE: AA) and AAR (NYSE: AIR) climb Wednesday morning and what it means for the rest of the market.
Looking at Q3, AAR (NYSE:AIR) earned $39.70 million, a 82.95% increase from the preceding quarter. AAR also posted a total of $410.30 million in sales, a 1.66% increase since Q2. In Q2, AAR earned $21.70 million, and total sales reached $403.60 million. What Is ROCE? Changes in earnings and sales indicate shifts in AAR's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, AAR posted an ROCE of 0.04%. It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sale...
AAR Corp.'s (AIR) Q3 net sales miss the Zacks Consensus Estimate by 0.7% and plunge 25.8% from $553.1 million recorded in the year-ago quarter
Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones climbed over 100 points in the previous session. Investors are awaiting earnings results from IHS Markit Ltd (NYSE: INFO ), Adobe Inc (NASDAQ: ADBE ), GameStop Corp. (NYSE: GME ) and AAR Corp. (NYSE: AIR ). The current account report for the fourth quarter is scheduled for release at 8:30 a.m. ET, while data on new home sales for February and the Richmond Fed manufacturing index for March will be released at 10:00 a.m. ET. Federal Reserve Bank of St. Louis President James Bullard is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 10:10 a.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 11:00 a.m. ET, wh...
AAR (NYSE:AIR) is scheduled to announce FQ3 earnings results on Tuesday, March 23rd, after market close.The consensus EPS Estimate is $0.32 (-52.2% Y/Y) and the consensus Revenue Estimate is $414.71M (-25.0% Y/Y).Over the last 2 years, AIR has beaten EPS estimates 100% of the time and has beaten revenue estimates...