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Aerojet Rocketdyne to Benefit From Solid Product Portfolio
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We have recently issued an updated research report on Aerojet Rocketdyne Holdings, Inc. . The company reported impressive third-quarter 2018 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimates.
Aerojet Rocketdyne’s total backlog at the end of the third quarter was $3.7 billion, which came slightly lower than $3.9 billion at the end of the second quarter.
Factors Influencing the Stock
Aerojet Rocketdyne is a technology-based engineering and manufacturing company. With an experience of supplying some of the world’s most technologically advanced propulsion systems for over 70 years, Aerojet Rocketdyne serves a broad range of customers.
The company continues to expand its strong legacy propulsion franchises on the Standard Missile, Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD) and Guided Multiple Launch Rocket System (GMLRS) missile propulsion systems.
Backed by modern changes in propulsion technology and the relocation of certain propulsion operations, the company decided that large portions of the Sacramento land — which Aerojet Rocketdyne had acquired earlier — will be no longer be required for operations. As a result, Aerojet Rocketdyne is engaged in re-entitling the Sacramento Land for new uses and explored various opportunities to optimize its value.
Aerojet Rocketdyne Holdings, Inc. Price and Consensus
Currently, the new housing market and the local economy in the Sacramento region are under recovery and a similar trend is expected to continue in the coming days. This, in turn, provided a boost to the company’s long-term growth prospect for the Sacramento region, in terms of real estate activities, and should enable Aerojet Rocketdyne to earn substantially by selling its land therein.
Aerojet Rocketdyne expects that approximately 24% of its future Aerospace and Defense segment environmental remediation costs might not be reimbursable.
Zacks Rank & Other Stocks to Consider
Aerojet Rocketdyne currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies in the same sector are AeroVironment, Inc. (AVAV - Free Report) , Lockheed Martin Corporation (LMT - Free Report) and The Boeing Company (BA - Free Report) . While AeroVironment has a Zacks Rank of 1, Lockheed Martin and Boeing carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment delivered average positive earnings surprise of 257.01% in the last four quarters. The company boasts a solid expected long-term earnings growth rate of 25%.
Lockheed Martin delivered average positive earnings surprise of 13.92% in the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings has moved up 2.88% to $17.51 over the past 90 days.
Boeing delivered average positive earnings surprise of 28.01% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has climbed 3% to $15.05 over the past 90 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Aerojet Rocketdyne to Benefit From Solid Product Portfolio
We have recently issued an updated research report on Aerojet Rocketdyne Holdings, Inc. . The company reported impressive third-quarter 2018 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimates.
Aerojet Rocketdyne’s total backlog at the end of the third quarter was $3.7 billion, which came slightly lower than $3.9 billion at the end of the second quarter.
Factors Influencing the Stock
Aerojet Rocketdyne is a technology-based engineering and manufacturing company. With an experience of supplying some of the world’s most technologically advanced propulsion systems for over 70 years, Aerojet Rocketdyne serves a broad range of customers.
The company continues to expand its strong legacy propulsion franchises on the Standard Missile, Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD) and Guided Multiple Launch Rocket System (GMLRS) missile propulsion systems.
Backed by modern changes in propulsion technology and the relocation of certain propulsion operations, the company decided that large portions of the Sacramento land — which Aerojet Rocketdyne had acquired earlier — will be no longer be required for operations. As a result, Aerojet Rocketdyne is engaged in re-entitling the Sacramento Land for new uses and explored various opportunities to optimize its value.
Aerojet Rocketdyne Holdings, Inc. Price and Consensus
Aerojet Rocketdyne Holdings, Inc. Price and Consensus | Aerojet Rocketdyne Holdings, Inc. Quote
Currently, the new housing market and the local economy in the Sacramento region are under recovery and a similar trend is expected to continue in the coming days. This, in turn, provided a boost to the company’s long-term growth prospect for the Sacramento region, in terms of real estate activities, and should enable Aerojet Rocketdyne to earn substantially by selling its land therein.
Aerojet Rocketdyne expects that approximately 24% of its future Aerospace and Defense segment environmental remediation costs might not be reimbursable.
Zacks Rank & Other Stocks to Consider
Aerojet Rocketdyne currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies in the same sector are AeroVironment, Inc. (AVAV - Free Report) , Lockheed Martin Corporation (LMT - Free Report) and The Boeing Company (BA - Free Report) . While AeroVironment has a Zacks Rank of 1, Lockheed Martin and Boeing carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment delivered average positive earnings surprise of 257.01% in the last four quarters. The company boasts a solid expected long-term earnings growth rate of 25%.
Lockheed Martin delivered average positive earnings surprise of 13.92% in the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings has moved up 2.88% to $17.51 over the past 90 days.
Boeing delivered average positive earnings surprise of 28.01% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has climbed 3% to $15.05 over the past 90 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>