We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AAR Corp (AIR) Beats Q1 Earnings and Revenue Estimates
Read MoreHide Full Article
AAR Corp. (AIR - Free Report) reported first-quarter fiscal 2017 earnings of 29 cents per share, surpassing the Zacks Consensus Estimate of 28 cents by 3.6%. The reported figure was also up from the year-ago figure of 23 cents.
In the reported quarter, Aviation Services reported revenues of $334.6 million, up 6% year over year. Revenues were driven by the segment’s industry-leading supply chain.
Expeditionary Services garnered revenues of $70.2 million, down a marginal 1% from $70.9 million in the year-ago quarter.
Highlights of the Release
In the fiscal first quarter, AAR Corp.’s cost of sales increased 3.2% year over year to $343.3 million.
Selling, general and administrative expenses increased 12% to $44.8 million, driven by investments in new business development.
The company incurred interest expense of $1.3 million, lower than $1.9 million in the year-ago quarter.
Financial Condition
AAR Corp.’s cash and cash equivalents as of Aug 31, 2016 were $7.9 million, down from $31.2 million as of May 31, 2016.
Net property, plant and equipment were $231.4 million as of Aug 31, 2016, compared with $238.1 million as of May 31, 2016.
As of Aug 31, 2016, total debt increased to $151.6 million from $150.1 million as of May 31, 2016.
Dividend & Share Repurchase History
During the fiscal first quarter, the company paid dividends of $2.6 million, or 7.5 cents per share, and repurchased approximately 619,000 shares for $14.8 million, or $23.94 per share.
Guidance
For fiscal 2017, Diluted earnings per share from continuing operations are still expected in the range of $1.30–$1.40.
Peer Releases
Ducommun Inc. (DCO - Free Report) posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CAE Inc. (CAE - Free Report) posted earnings of 20 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 16 cents by 25%. The stock carries a Zacks Rank #2 (Buy).
CPI Aerostructures Inc. (CVU - Free Report) posted earnings of 21 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 15 cents by 40%. The stock holds a Zacks Rank #2.
Zacks Rank
AAR Corporation currently carries a Zacks Rank #3 (Hold).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AAR Corp (AIR) Beats Q1 Earnings and Revenue Estimates
AAR Corp. (AIR - Free Report) reported first-quarter fiscal 2017 earnings of 29 cents per share, surpassing the Zacks Consensus Estimate of 28 cents by 3.6%. The reported figure was also up from the year-ago figure of 23 cents.
Total Revenue
AAR Corp. reported net sales of $404.8 million in the first quarter of fiscal 2017, up 4.7% from $386.7 million in the year-ago quarter.
Fiscal first-quarter revenues also beat the Zacks Consensus Estimate of $400 million by 1.2%.
AAR CORP Price, Consensus and EPS Surprise
AAR CORP Price, Consensus and EPS Surprise | AAR CORP Quote
Segment Details
In the reported quarter, Aviation Services reported revenues of $334.6 million, up 6% year over year. Revenues were driven by the segment’s industry-leading supply chain.
Expeditionary Services garnered revenues of $70.2 million, down a marginal 1% from $70.9 million in the year-ago quarter.
Highlights of the Release
In the fiscal first quarter, AAR Corp.’s cost of sales increased 3.2% year over year to $343.3 million.
Selling, general and administrative expenses increased 12% to $44.8 million, driven by investments in new business development.
The company incurred interest expense of $1.3 million, lower than $1.9 million in the year-ago quarter.
Financial Condition
AAR Corp.’s cash and cash equivalents as of Aug 31, 2016 were $7.9 million, down from $31.2 million as of May 31, 2016.
Net property, plant and equipment were $231.4 million as of Aug 31, 2016, compared with $238.1 million as of May 31, 2016.
As of Aug 31, 2016, total debt increased to $151.6 million from $150.1 million as of May 31, 2016.
Dividend & Share Repurchase History
During the fiscal first quarter, the company paid dividends of $2.6 million, or 7.5 cents per share, and repurchased approximately 619,000 shares for $14.8 million, or $23.94 per share.
Guidance
For fiscal 2017, Diluted earnings per share from continuing operations are still expected in the range of $1.30–$1.40.
Peer Releases
Ducommun Inc. (DCO - Free Report) posted earnings of 34 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 28 cents by 21.4%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CAE Inc. (CAE - Free Report) posted earnings of 20 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 16 cents by 25%. The stock carries a Zacks Rank #2 (Buy).
CPI Aerostructures Inc. (CVU - Free Report) posted earnings of 21 cents per share in the second quarter of 2016, surpassing the Zacks Consensus Estimate of 15 cents by 40%. The stock holds a Zacks Rank #2.
Zacks Rank
AAR Corporation currently carries a Zacks Rank #3 (Hold).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>