AAR Corp Add to portfolio

A quarter ago, it was expected that this airplane maintenance company would post earnings of $0.52 per share when it actually produced earnings of $0.54, delivering a surprise of 3.85%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AAR was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.

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WOOD DALE, Ill. (AP) _ AAR Corp. (AIR) on Tuesday reported fiscal first-quarter net income of $15.1 million. The Wood Dale, Illinois-based company said it had net income of 43 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. The airplane maintenance company posted revenue of $466.3 million in the period, also exceeding Street forecasts.

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Cash flow used in operating activities from continuing operations was $32.9 million. The conference call can be accessed by calling 866-802-4322 from inside the U.S. or 703-639-1319 from outside the U.S. A replay of the conference call will also be available by calling 855-859-2056 from inside the U.S. or 404-537-3406 from outside the U.S. (access code 8849269). AAR's Aviation Services include parts supply; OEM parts distribution; supply chain programs; customer fleet management and operations; aircraft maintenance, repair and overhaul; engineering services and component repair. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2018.

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AAR said that nine of the ten carload commodity groups it tracks were up annually, including: petroleum and petroleum products, up 4,253 carloads, to 13,335; chemicals, up 2,153 carloads, to 32,650; and farm products excl. One commodity group posted a decrease compared with the same week in 2017: coal, down 3,457 carloads, to 85,562. Intermodal containers and trailers, at 284,391, saw a 6.5% annual gain, which topped the week ending September 8 at 248,951 and was below the week ending September 1 at 287,515. For the first 37 weeks of 2018, AAR reported that U.S. rail carloads were up 2% at 9,703,638, and intermodal units rose 6% to 10,237,925. Transportation Best Practices and Trends: Frios’ cool solution for a hot sellerGourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due... 35th Annual Quest for Quality Awards: Scaling to new heights of serviceWhich carriers, third-party logistics providers and U.S. ports have reached the pinnacle of... 29th Annual State of Logistics Report: Carriers take the wheelAs if higher rates and capacity shortages weren’t enough to worry about, shippers must now deal... Labor Crisis: A proactive approach to filling Logistics JobsA tight labor market driven by the uptick in e-commerce, increased omni-channel distribution...

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“As change accelerates in Washington and the transportation sector, freight railroads are on track to meet tomorrow’s challenges while remaining steadfastly committed to the safety, efficiency and sustainability that define railroading in America. Leading the AAR’s government relations department, Jefferies has helped secure significant legislative victories, including managing advocacy surrounding the Surface Transportation Board Reauthorization Act of 2015, securing tank car safety enhancements in the Fixing America’s Surface Transportation (FAST) Act and defeating multiple efforts to increase truck size and weight limits.Prior to joining the AAR in 2013, Jefferies worked for more than a decade in government, including as a senior policy advisor to the chairman of the U.S. Senate Committee on Commerce, Science and Transportation. AAR Railroad Affiliate and Associate Members include commuter railroads, rail supply companies, engineering firms, signal and communications firms and rail car owners. Jessica Kahanek Association of American Railroads 202-639-2345 jkahanek@aar.org. Association of American Railroads LogoLOGO URL | Copy the link below.

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AAR (AIR) Q1 Earnings Preview: What to Know Ahead of the Release. Wall Street expects a year-over-year increase in earnings on higher revenues when AAR (AIR) reports results for the quarter ended August 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 25. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for AAR? For AAR, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.

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AAR (NYSE:AIR) was downgraded by analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, September 11th, MarketBeat.com reports. SunTrust Banks also issued estimates for AAR’s Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.88 EPS, FY2019 earnings at $2.63 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.82 EPS, Q4 2020 earnings at $0.91 EPS and FY2020 earnings at $3.07 EPS. Following the sale, the chief accounting officer now owns 9,626 shares of the company’s stock, valued at approximately $450,015.50. Vaughan Nelson Investment Management L.P. now owns 1,111,945 shares of the aerospace company’s stock worth $51,694,000 after purchasing an additional 141,925 shares during the last quarter.

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Finally, SunTrust Banks cut shares of AAR from a buy rating to a hold rating and reduced their target price for the company from $50.00 to $47.00 in a report on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 2.83. In other AAR news, Director David P. Storch sold 63,736 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. Wells Fargo & Company MN now owns 59,101 shares of the aerospace company’s stock valued at $2,607,000 after acquiring an additional 5,924 shares during the period.

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