AAR Corp
AIR

$66.62

0.51%

Market Cap: 2.36B

About: AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.

Employees: 5,000

Industrials Aircraft & Parts

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

0

News positive %

of 13 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 0 [Q4 2023] → 1 (+1) [Q1 2024]

86% more call options, than puts

Call options by funds: $8.7M | Put options by funds: $4.68M

68% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 25

7% more funds holding

Funds holding: 227 [Q4 2023] → 244 (+17) [Q1 2024]

2.85% more ownership

Funds ownership: 91.62% [Q4 2023] → 94.47% (+2.85%) [Q1 2024]

4% less capital invested

Capital invested by funds: $2.03B [Q4 2023] → $1.96B (-$72.7M) [Q1 2024]

30% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 100

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Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$65

2%

downside

Avg. target

$81

21%

upside

High target

$86

29%

upside

6 analyst ratings

6 positive

100%

0 neutral

0%

0 negative

0%

RBC Capital Ken Herbert	28%upside $85	Outperform Maintained	19 Jul 2024
Stifel Bert Subin	28%upside $85	Buy Maintained	19 Jul 2024
Stifel Bert Subin	29%upside $86	Buy Maintained	14 May 2024
Benchmark Josh Sullivan	25%upside $83	Buy Maintained	15 Apr 2024
Benchmark Josh Sullivan	2%downside $65	Buy Reiterated	22 Mar 2024

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Financial journalist opinion

Based on 13 articles about AIR published over the past 30 days

AAR and Ontic expand relationship with multiple long-term distribution agreements

WOOD DALE, Ill. , July 24, 2024 /PRNewswire/ -- AAR CORP.

AAR and Ontic expand relationship with multiple long-term distribution agreements

AAR Corp.: Record Quarter Boosted By New Parts Distribution And Triumph Acquisition

AAR Corp. reports strong year-over-year top line growth in FY2024, with consolidated sales increasing to $2.318 billion. Additionally, its adjusted margins expanded as well. Contract wins with Sumitomo Precision Products and Triumph are expected to bolster AIR's Parts Supply segment. Commercial airlines are facing challenges with a shortage of aircraft to support the increasing travel demand. Therefore, many airlines are delaying their aircraft retirements as a temporary solution.

AAR Corp.: Record Quarter Boosted By New Parts Distribution And Triumph Acquisition

Airbus takes on Boeing with new orders close to $4 billion from Japan Airlines and Virgin Atlantic

Airbus SE (EPA: AIR) is intensifying the competition with Boeing by securing significant new orders at the Farnborough Airshow. On Tuesday, the aerospace giant announced substantial deals with Japan Airlines and Virgin Atlantic, signaling a strong demand for its aircraft despite a perceived slowdown in the post-pandemic travel boom.

Airbus takes on Boeing with new orders close to $4 billion from Japan Airlines and Virgin Atlantic

AAR awarded on TIME's America's Best Mid-Size Companies 2024 list

WOOD DALE, Ill. , July 22, 2024 /PRNewswire/ -- AAR CORP.

AAR awarded on TIME's America's Best Mid-Size Companies 2024 list

Zacks Investment Research

AAR (AIR) Q4 Earnings Surpass Estimates, Sales Rise Y/Y

AAR's (AIR) fourth-quarter fiscal 2024 net sales of $656.5 million misses the Zacks Consensus Estimate by 0.6% but increases 18.7% from the year-ago quarter???s level.

AAR (AIR) Q4 Earnings Surpass Estimates, Sales Rise Y/Y

AAR Corp. (AIR) Q4 2024 Earnings Call Transcript

AAR Corp. (NYSE:AIR ) Q4 2024 Earnings Conference Call July 18, 2024 5:00 PM ET Company Participants John Holmes - Chairman, President and CEO Sean Gillen - Chief Financial Officer Conference Call Participants Michael Ciarmoli - Truist Securities Bert Subin - Stifel Scott Mikus - Melius Research Louie DiPalma - William Blair Kenneth Herbert - RBC Capital Markets Operator Good afternoon, everyone, and welcome to AAR's Fiscal 2024 Fourth Quarter Earnings Call. We're joined today by John Holmes, Chairman, President, and Chief Executive Officer, and Sean Gillen, Chief Financial Officer.

AAR Corp. (AIR) Q4 2024 Earnings Call Transcript

Zacks Investment Research

AAR (AIR) Reports Q4 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for AAR (AIR) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

AAR (AIR) Reports Q4 Earnings: What Key Metrics Have to Say

Zacks Investment Research

AAR (AIR) Q4 Earnings Top Estimates

AAR (AIR) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.83 per share a year ago.

AAR (AIR) Q4 Earnings Top Estimates

AAR reports record fourth quarter and fiscal year 2024 results

Record fourth quarter sales of $657 million, up 19% over the prior year Fourth quarter GAAP diluted earnings per share from continuing operations of $0.26, compared to $0.66 in Q4 FY2023 Record fourth quarter adjusted diluted earnings per share from continuing operations of $0.88, up 6% from $0.83 in Q4 FY2023 Fourth quarter cash flow provided by operating activities from continuing operations of $25 million Record full year sales of $2.3 billion, up 17% over the prior year Full year GAAP diluted earnings per share from continuing operations of $1.29, compared to $2.52 in FY2023; record adjusted earnings of $3.33 in FY2024, up 16% from $2.86 in FY2023 WOOD DALE, Ill. , July 18, 2024 /PRNewswire/ -- AAR CORP.

AAR reports record fourth quarter and fiscal year 2024 results

Zacks Investment Research

Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratio

We have screened bargain stocks PK, KELYA, DNOW, KBH and AIR based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratio

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