AIR - AAR Corp.

NYSE - NYSE Delayed Price. Currency in USD
19.26
+1.34 (+7.48%)
At close: 4:00PM EDT

19.66 +0.40 (2.08%)
Pre-Market: 6:24AM EDT

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Inside Bar (Bearish)

Inside Bar (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close17.92
Open18.65
Bid19.70 x 1000
Ask20.20 x 800
Day's Range18.65 - 19.73
52 Week Range8.56 - 52.78
Volume403,216
Avg. Volume478,611
Market Cap676.039M
Beta (5Y Monthly)1.66
PE Ratio (TTM)15.42
EPS (TTM)1.25
Earnings DateJul 08, 2020 - Jul 13, 2020
Forward Dividend & Yield0.30 (1.67%)
Ex-Dividend DateMar 27, 2020
1y Target Est31.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
20% Est. Return
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  • MarketWatch

    Delta to retire its entire Boeing 777 fleet by the end of the year

    Shares of Delta Air Lines Inc. dropped 4.2% in premarket trading Thursday, putting them on track to open at a 7-year low, after the air carrier disclosed that it will remove all of its Boeing 777 aircraft by the end of the year to help stem cash burn amid the COVID-19 pandemic. Delta said it also expects the MD-90 aircraft, which are made by Boeing Co. subsidiary McDonnell Douglas, to exit its fleet in June. Boeing's stock fell 2.3% ahead of the open. Delta expects to record impairment charges of $1.4 billion to $1.7 billion as a result of the aircraft retirements. Delta said the 777 fleet included 18 aircraft. Chief Executive Ed Bastian said the decision was made as international travel is expected to return slowly. "[P]arking this fleet will provide significant cost savings over the next several years," Chief Executive Ed Bastian wrote in a memo to employees. "Delta is burning about $50 million every day, and steps like this help us stem the bleeding, in an effort to safeguard Delta jobs and our future." Bastian said the more fuel-efficient and cost-effective A330s and A350-900s made by Airbus SE will be used when international demand returns. Bastian said since the pandemic hit, has it parked more than 650 jets total. Delta's stock has plunged 67.1% over the past three months through Wednesday, while Boeing shares have tumbled 64.3% and the Dow Jones Industrial Average has declined 20.9%.

  • GlobeNewswire

    AAR Integrated Technologies awarded a $5.1 million firm-fixed-price contract from US Air Force to provide contractor logistical support for the AN/MSN-7 Communications Central System

    Huntsville, Alabama, May 08, 2020 -- AAR (NYSE: AIR) a leading provider of aviation services to commercial and government operators, announced today that its AAR Integrated.

  • Airbus chief executive warns plane maker is ‘bleeding cash’ and says ‘survival at stake’
    MarketWatch

    Airbus chief executive warns plane maker is ‘bleeding cash’ and says ‘survival at stake’

    Airbus Chief Executive Guillaume Faury tells employees in a letter that plane maker is “bleeding cash at an unprecedented speed.”

  • AAR Adopts Limited Duration Stockholder Rights Plan
    PR Newswire

    AAR Adopts Limited Duration Stockholder Rights Plan

    AAR CORP. (NYSE: AIR) today announced that its Board of Directors adopted a limited duration stockholder rights plan (the "Rights Plan"). In connection with adoption of the Rights Plan, the Board of Directors declared a non-cash dividend distribution of one preferred share purchase right for each share of AAR's common stock outstanding as of April 9, 2020, the record date. The Rights Plan expires, without any further action required by the Board of Directors, on February 28, 2021.

  • AAR Corp (AIR) Earnings Beat Estimates in Q3, Sales Miss
    Zacks

    AAR Corp (AIR) Earnings Beat Estimates in Q3, Sales Miss

    AAR Corp.'s (AIR) top line increases 4.5% during the fiscal third quarter from $529.5 million in the year-ago quarter, driven by continued growth in the Aviation Services segment.

  • AAR Reports Record Third Quarter Fiscal Year 2020 Results
    PR Newswire

    AAR Reports Record Third Quarter Fiscal Year 2020 Results

    AAR CORP. (NYSE: AIR) today reported third quarter Fiscal Year 2020 consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. Third quarter results included a predominantly non-cash pretax charge of $24.7 million primarily resulting from restructuring and exiting underperforming contracts in commercial programs. For the third quarter of the prior year, the Company reported sales of $529.5 million and income from continuing operations of $27.4 million, or $0.78 per diluted share. Our adjusted diluted earnings per share from continuing operations were $0.67 in the current quarter compared to $0.62 in the third quarter of the prior year.

  • Reuters

    Governments offer financial lifelines to airlines, at a price

    SYDNEY/WASHINGTON, March 20 (Reuters) - Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus. Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%, while U.S. airlines cannot increase executive pay or providing "golden parachutes" for two years.

  • Reuters

    GRAPHIC-Coronavirus empties airlines' cash drawers, knocks $157 bln off share values

    Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms. The industry's main global body, the International Air Transport Association (IATA), estimates the sector needs up to $200 billion in government support to help airlines survive.

  • Analysts Estimate AAR (AIR) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate AAR (AIR) to Report a Decline in Earnings: What to Look Out for

    AAR (AIR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters

    Airlines seek emergency aid as coronavirus brings industry to near-halt

    LONDON/PARIS, March 16 (Reuters) - Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes. Already battered shares in British Airways parent IAG , easyJet and Air France-KLM plunged again as they scrapped most of their flights for the coming weeks, joining other major carriers that are all but halting operations in the face of the pandemic. "It is now clear that the coronavirus is by far the biggest crisis in the history of aviation," Finnair Chief Executive Topi Manner said as the carrier announced a 90% capacity reduction and its second profit warning in three weeks.

  • Reuters

    Air New Zealand to cut capacity further as coronavirus hits demand

    Air New Zealand said on Monday it will further reduce capacity across its network as the coronavirus outbreak dents travel demand. On its long haul network, Air New Zealand will cut its capacity by 85%, while its domestic network would be reduced by 30%, the airline said in a statement.

  • AAR to announce third quarter fiscal year 2020 results on March 24, 2020
    PR Newswire

    AAR to announce third quarter fiscal year 2020 results on March 24, 2020

    AAR (NYSE: AIR) today announced that it will release financial results for its third quarter of Fiscal Year 2020, ended February 29, 2020, after the market closes on Tuesday, March 24, 2020.

  • Earnings Preview: AAR (AIR) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: AAR (AIR) Q3 Earnings Expected to Decline

    AAR (AIR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • How Does AAR's (NYSE:AIR) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does AAR's (NYSE:AIR) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, AAR (NYSE:AIR) shares are down a considerable 32% in the last month. The recent...

  • Reuters

    Airlines rush to boost demand as coronavirus shreds playbook for crisis management

    CHICAGO/SYDNEY, March 4 (Reuters) - The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas. For now, some airlines have resorted to suspending change fees for new ticket reservations in the hope of winning over hesitant travelers until it becomes clearer where coronavirus outbreaks are localized and which routes could benefit from price drops. The coronavirus, which emerged in the central Chinese city of Wuhan late last year, has spread around the world, with more new cases now appearing outside China than inside.

  • Is AAR (AIR) a Great Value Stock Right Now?
    Zacks

    Is AAR (AIR) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Risk-Averse Investors May Buy These 5 Low Leverage Stocks
    Zacks

    Risk-Averse Investors May Buy These 5 Low Leverage Stocks

    Since a debt-free company is rare to find, measuring the debt level of a company is an important point of consideration while making an investment decision.

  • AAR signs letter of intent with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence at Trois-Rivières MRO location
    PR Newswire

    AAR signs letter of intent with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence at Trois-Rivières MRO location

    AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, announced today that AAR Aircraft Services Trois-Rivières ULC ("AAR") has entered into a letter of intent with Air Canada regarding a ten-year, renewable agreement for airframe maintenance.

  • Reuters

    Flight carrying New Zealanders, Australians leaves virus-hit Wuhan

    WELLINGTON/SYDNEY, Feb 5 (Reuters) - A flight carrying New Zealanders, Australians and citizens of smaller Pacific countries who were evacuated from the Chinese city of Wuhan is expected to arrive in Auckland later on Wednesday, authorities said. Governments around the world have organised flights to get citizens out of Wuhan, where a newly identified coronoavirus was first detected in December. The Air New Zealand government chartered flight is expected to arrive in Auckland, New Zealand's largest city, around 1830 local time (0530 GMT).

  • Reuters

    WRAPUP 11-China facing global isolation as virus toll rises

    China faced mounting isolation in the face of increasing international travel curbs and flight suspensions on Saturday, as the death toll from a spreading coronavirus outbreak rose to 259. China's National Health Commission said there were 2,102 new confirmed infections in China as of Friday, bringing the total to 11,791. All of the reported deaths from the virus have been in China.

  • GuruFocus.com

    Key Takeaways From General Electric's 4th-Quarter Results

    Company posts earnings and revenue beat Continue reading...

  • GlobeNewswire

    AeroControlex names AAR exclusive global distributor for APU lube pump products

    AAR (AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multiyear agreement with AeroControlex, under which AAR will be exclusively stocking and selling auxiliary power unit (APU) lube pumps and all related piece-part components worldwide. “AeroControlex is proud to announce the distribution partnership with AAR for the pumps product line,” said Tim O’Keefe, AeroControlex Business Manager for the Pumps Business Unit. “This is a meaningful growth opportunity for our business serving as a value-added extension of an original equipment manufacturer,” said Darren Spiegel, AAR Vice President and General Manager of OEM Solutions - Commercial.

  • Simple Market Timing Strategies That Work - January 23, 2020
    Zacks

    Simple Market Timing Strategies That Work - January 23, 2020

    In the long-run, does consistent market timing really matter to be a successful investor?

  • GlobeNewswire

    AAR Mobility Systems awarded contract from the Defense Logistics Agency Troop Support to produce specialized shipping/storage containers

    AAR (AIR) Mobility Systems has been awarded a sole-source Indefinite Delivery/Indefinite Quantity (IDIQ) contract to produce specialized shipping/storage containers and accessories. This contract provides the U.S. Armed Forces and its allies with a direct method for procuring AAR’s rapid deployment products, which have been used by troops around the globe for over five decades. “We take pride in providing these critical assets to support the warfighter,” said Jeffery Jackson, AAR Mobility Systems Vice President of Business Development.

  • Thomson Reuters StreetEvents

    Edited Transcript of AIR earnings conference call or presentation 19-Dec-19 9:45pm GMT

    Q2 2020 AAR Corp Earnings Call