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 Q3 Earnings Estimates, Revenues Lag
Read MoreHide Full Article
AAR Corp. (AIR - Free Report) reported third-quarter fiscal 2018 adjusted earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%. The adjusted figure reflected a year-over-year improvement of 16.7%, when compared to 42 cents of third-quarter's fiscal 2017.
Excluding one-time items, the company reported earnings of 44 cents from continuing operations in the quarter, compared with 40 cents it generated in the prior-year quarter.
Total Revenues
Net sales came in at $456.3 million in the fiscal third quarter, which missed the Zacks Consensus Estimate of $479 million by 4.8%. However, revenues increased 12.% from $407.2 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $426.4 million, up 11.4% year over year.
Expeditionary Services garnered revenues of $29.9 million, up 22.5% from $24.4 million in the year-ago quarter.
Highlights of the Release
In the fiscal third quarter, AAR Corp’s cost of sales increased 11.15% year over year to $378.7 million.
Selling, general and administrative expenses increased 23.9% to $53.4 million.
The company incurred interest expenses of $2.2 million, compared with $1.3 million in the year-ago quarter.
Curtiss-Wright Corporation recorded an average positive earnings surprise of 15.06% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has risen by 63 cents to $5.80 in the last 90 days.
Recent Peer Release
Lockheed Martin (LMT - Free Report) reported fourth-quarter 2017 adjusted earnings from continuing operations of $4.30 per share, which surpassed the Zacks Consensus Estimate of $4.06 by 5.9%.
Spirit AeroSystems (SPR - Free Report) recorded fourth-quarter 2017 adjusted earnings of $1.32 per share, which surpassed the Zacks Consensus Estimate of $1.22 by 8.2%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
AAR Corp (AIR) Beats Q3 Earnings Estimates, Revenues Lag
AAR Corp. (AIR - Free Report) reported third-quarter fiscal 2018 adjusted earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%. The adjusted figure reflected a year-over-year improvement of 16.7%, when compared to 42 cents of third-quarter's fiscal 2017.
Excluding one-time items, the company reported earnings of 44 cents from continuing operations in the quarter, compared with 40 cents it generated in the prior-year quarter.
Total Revenues
Net sales came in at $456.3 million in the fiscal third quarter, which missed the Zacks Consensus Estimate of $479 million by 4.8%. However, revenues increased 12.% from $407.2 million in the year-ago quarter.
Segment Details
In the reported quarter, Aviation Services reported revenues of $426.4 million, up 11.4% year over year.
Expeditionary Services garnered revenues of $29.9 million, up 22.5% from $24.4 million in the year-ago quarter.
Highlights of the Release
In the fiscal third quarter, AAR Corp’s cost of sales increased 11.15% year over year to $378.7 million.
Selling, general and administrative expenses increased 23.9% to $53.4 million.
The company incurred interest expenses of $2.2 million, compared with $1.3 million in the year-ago quarter.
AAR Corp. Price, Consensus and EPS Surprise
AAR Corp. Price, Consensus and EPS Surprise | AAR Corp. Quote
Financial Condition
As of Feb 28, 2018, AAR Corp’s cash and cash equivalents were $23.9 million, up from $10.3 million as of May 31, 2017.
As of Feb 28, 2018, net property, plant and equipment were $135.3 million compared with $117.2 million as of May 31, 2017.
As of Feb 28, 2018, total debt increased to $196.2 million from $156.2 million as of May 31, 2017.
Dividend History
During the reported quarter, the company paid dividends of $2.5 million or 7.5 cents per share.
Zacks Rank & Key Pick
AAR Corp currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same space is Curtiss-Wright Corporation (CW - Free Report) which carries a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Curtiss-Wright Corporation recorded an average positive earnings surprise of 15.06% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has risen by 63 cents to $5.80 in the last 90 days.
Recent Peer Release
Lockheed Martin (LMT - Free Report) reported fourth-quarter 2017 adjusted earnings from continuing operations of $4.30 per share, which surpassed the Zacks Consensus Estimate of $4.06 by 5.9%.
Spirit AeroSystems (SPR - Free Report) recorded fourth-quarter 2017 adjusted earnings of $1.32 per share, which surpassed the Zacks Consensus Estimate of $1.22 by 8.2%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>