AAR Corp reports results for the quarter ended May 31 - Earnings Summary

• AAR Corp AIR reported quarterly adjusted earnings of $1.16​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of six analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 99 cents to $1.02 per share.

• Revenue rose 14.9% to $754.50 million from a year ago; analysts expected $695.71 million.

• AAR Corp's reported EPS for the quarter was 95 cents​.

• The company reported quarterly net income of $34 million.

• AAR Corp shares had risen by 6.7% this quarter and gained 19.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for AAR Corp is $80.50, about 7% above its last closing price of $74.88

This summary was machine generated from LSEG data July 16 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)