AAR Corp. Stock Remains A Buy After Share Price Tumbles [Seeking Alpha]
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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US:NYSE Investor Relations:
aarcorp.gcs-web.com/investor-overview
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Source: Seeking Alpha
The company's stock retreated after announcing an acquisition that would add 13% in sales and 38% in adjusted operating profit. AAR Corp. posted nearly 9% growth in revenues, with sales to commercial customers growing 18% and sales to government customers falling 7%. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » AAR Corp. ( NYSE: AIR ) reported third quarter earnings on the 21 of March after the closing bell. At the time of writing the stock is trading more than 6% lower. In this report, I will be discussing the results and review my rating and price target for the stock. AAR Corporation Stock Trails The Market After Acquisition News I initiated coverage for AAR Corporation in September 2023 with a buy rating and the stock initially performed very well, gaining more than 23%. However, following the news that the company would acquire the Product Support business from Triumph Gr
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AIR
News
- Global Commercial Aircraft Aftermarket Parts Market Projected to Reach US$ 69.5 Billion by 2032, Driven by Travel Demand, Aircraft Leasing, and Stringent Aviation Regulations [Yahoo! Finance]Yahoo! Finance
- AAR Corp. (NYSE: AIR) had its price target raised by analysts at Benchmark Co. from $65.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products [Yahoo! Finance]Yahoo! Finance
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision ProductsPR Newswire
- AAR awarded Supplier of the Year by Atlas Air Worldwide [Yahoo! Finance]Yahoo! Finance
AIR
Earnings
- 3/21/24 - Beat
AIR
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form 144
- 4/4/24 - Form 4
- AIR's page on the SEC website