AAR Corp. (AIR)

NYSE: AIR · IEX Real-Time Price · USD
72.05
+1.60 (2.27%)
Jul 2, 2024, 4:00 PM EDT - Market closed
2.27%
Market Cap 2.55B
Revenue (ttm) 2.22B
Net Income (ttm) 60.40M
Shares Out 35.43M
EPS (ttm) 1.69
PE Ratio 42.63
Forward PE 19.78
Dividend n/a
Ex-Dividend Date n/a
Volume 125,113
Open 70.20
Previous Close 70.45
Day's Range 70.13 - 72.47
52-Week Range 55.00 - 73.95
Beta 1.59
Analysts Strong Buy
Price Target 83.33 (+15.66%)
Earnings Date Jul 16, 2024

About AIR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components. This segment also provides fleet management and op... [Read more]

Sector Industrials
IPO Date Jan 1, 1988
Employees 5,000
Stock Exchange NYSE
Ticker Symbol AIR
Full Company Profile

Financial Performance

In 2023, AAR Corp.'s revenue was $1.99 billion, an increase of 9.37% compared to the previous year's $1.82 billion. Earnings were $90.20 million, an increase of 14.61%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AIR stock is "Strong Buy." The 12-month stock price forecast is $83.33, which is an increase of 15.66% from the latest price.

Price Target
$83.33
(15.66% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

AAR to announce fourth quarter fiscal year 2024 results on July 18, 2024

WOOD DALE, Ill. , July 2, 2024 /PRNewswire/ -- AAR CORP.

6 hours ago - PRNewsWire

AAR named among America's Greatest Workplaces 2024 by Newsweek

This award recognizes AAR's impact and commitment to delivering employee satisfaction through the Company's people-oriented culture, competitive compensation, and career development opportunities. WOO...

5 days ago - PRNewsWire

Here's why Boeing (BA) and Airbus (AIR) shares are falling

Shares of Boeing (NYSE: BA) and Airbus (EPA: AIR) have been under pressure recently due to a combination of poor sales performance and increasing scrutiny over safety and manufacturing practices. Boei...

Other symbols: BA
18 days ago - Invezz

AAR expands electronics distribution relationship with OTTO Engineering, Inc.

WOOD DALE, Ill. , June 13, 2024 /PRNewswire/ -- AAR CORP.

19 days ago - PRNewsWire

AAR awarded on the USA TODAY America's Best Climate Leaders 2024 list

WOOD DALE, Ill. , May 30, 2024 /PRNewswire/ -- AAR CORP.

4 weeks ago - PRNewsWire

AAR named to Newsweek's America's Greatest Workplaces for Diversity 2024

This award recognizes AAR's dedication to supporting a diverse workforce and inclusive work environment for the second consecutive year. WOOD DALE, Ill.

4 weeks ago - PRNewsWire

AAR to participate in the Stifel Cross Sector Insight Conference on June 5, 2024

WOOD DALE, Ill. , May 23, 2024 /PRNewswire/ -- AAR CORP.

5 weeks ago - PRNewsWire

AAR to participate in the Bank of America Transportation, Airlines and Industrials Conference on May 16, 2024

WOOD DALE, Ill. , May 2, 2024 /PRNewswire/ -- AAR CORP.

2 months ago - PRNewsWire

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products

WOOD DALE, Ill. , April 11, 2024 /PRNewswire/ -- AAR CORP.

2 months ago - PRNewsWire

AAR awarded Supplier of the Year by Atlas Air Worldwide

WOOD DALE, Ill. , April 9, 2024 /PRNewswire/ -- AAR CORP.

3 months ago - PRNewsWire

AAR breaks ground on MRO facility expansion in Oklahoma City

The new facility is expected to be operational in early 2026. WOOD DALE, Ill.

3 months ago - PRNewsWire

AAR announces exclusive commercial distribution agreement with TRIUMPH

WOOD DALE, Ill. , April 4, 2024 /PRNewswire/ -- AAR CORP.

3 months ago - PRNewsWire

Top 5 Industrials Stocks That Could Blast Off This Quarter - Asure Software (NASDAQ:ASUR), AAR (NYSE:AIR)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: ASURFWRDGTECHTLD
3 months ago - Benzinga

AAR reports third quarter fiscal year 2024 results

Record third quarter sales of $567 million, up 9% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023 Record third qua...

3 months ago - PRNewsWire

AAR elects Jeffrey N. Edwards to its Board of Directors

WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP.

3 months ago - PRNewsWire

AAR, Cebu Pacific sign CFM56-5B surplus material agreement

WOOD DALE, Ill. , March 20, 2024 /PRNewswire/ -- AAR CORP.

3 months ago - PRNewsWire

AAR to announce third quarter fiscal year 2024 results on March 21, 2024

WOOD DALE, Ill. , March 7, 2024 /PRNewswire/ -- AAR CORP.

4 months ago - PRNewsWire

AAR completes acquisition of Triumph Group's Product Support business

Also completed financings to fund the Acquisition, consisting of $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $8...

Other symbols: TGI
4 months ago - PRNewsWire

TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

RADNOR, Pa. , March 1, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has completed the sale of its Product Support business to AAR CORP.

Other symbols: TGI
4 months ago - PRNewsWire

Airinmar signs extension of aircraft warranty and value engineering services with Philippine Airlines

BERKSHIRE, England , Feb. 21, 2024 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, has signed ...

4 months ago - PRNewsWire

AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition

WOOD DALE, Ill. , Feb. 14, 2024 /PRNewswire/ -- AAR CORP.

Other symbols: TGI
4 months ago - PRNewsWire

AAR announces update to financing of Triumph Product Support acquisition

Announces proposed offering of $500 million of senior notes due 2029 The acquisition will be financed with the proceeds from the proposed notes offering and use of the expanded revolver WOOD DALE, Ill...

Other symbols: TGI
4 months ago - PRNewsWire

AAR Corp says it did not perform any work near Alaska Air's mid-cabin exit door

Aviation services provider AAR Corp said on Monday it did not perform any work on or near the mid-cabin exit door plug of the Alaska Air aircraft that had a cabin panel ripped off while in mid-air.

Other symbols: ALK
6 months ago - Reuters

AAR issues statement on January 5, 2024, Alaska Airlines Boeing 737 MAX 9 incident

WOOD DALE, Ill. , Jan. 8, 2024 /PRNewswire/ -- AAR CORP.

6 months ago - PRNewsWire

AAR signs new multi-year military distribution agreement with Ontic

WOOD DALE, Ill. , Jan. 4, 2024 /PRNewswire/ -- AAR CORP.

6 months ago - PRNewsWire