AAR Corp. (AIR)

NYSE: AIR · IEX Real-Time Price · USD
65.63
-0.33 (-0.50%)
Feb 26, 2024, 4:00 PM EST - Market closed
-0.50%
Market Cap 2.34B
Revenue (ttm) 2.17B
Net Income (ttm) 68.20M
Shares Out 35.50M
EPS (ttm) 1.92
PE Ratio 34.18
Forward PE 18.92
Dividend n/a
Ex-Dividend Date n/a
Volume 155,368
Open 65.70
Previous Close 65.96
Day's Range 65.38 - 66.04
52-Week Range 49.06 - 73.95
Beta 1.67
Analysts Strong Buy
Price Target 74.25 (+13.13%)
Earnings Date Mar 19, 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 $74.25, which is an increase of 13.13% from the latest price.

Price Target
$74.25
(13.13% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

5 days 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
12 days 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
13 days ago - PRNewsWire

3 mid-caps with RSIs that scream oversold

It's starting to look more and more like the rally, which kicked off at the end of October, is set to continue into 2024. While stocks softened a little last week, the benchmark S&P 500 index is alrea...

Other symbols: LOPEMPW
6 weeks ago - MarketBeat

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
7 weeks 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.

7 weeks ago - PRNewsWire

AAR signs new multi-year military distribution agreement with Ontic

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

7 weeks ago - PRNewsWire

AAR signs extension and expansion of flight-hour component support agreement with ASL Aviation Holdings DAC

WOOD DALE, Ill. , Dec. 27, 2023 /PRNewswire/ -- AAR CORP.

2 months ago - PRNewsWire

AAR reports second quarter fiscal year 2024 results

WOOD DALE, Ill., Dec. 21, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported second quarter ...

2 months ago - GlobeNewsWire

AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket

Meaningfully scales AAR's repair capabilities and is highly complementary to existing portfolio Significantly accretive to margins and expands customer base and global footprint  Expected run-rate cos...

Other symbols: TGI
2 months ago - PRNewsWire

TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

TRANSACTION EXPECTED TO MEANINGFULLY STRENGTHEN TRIUMPH'S BALANCE SHEET  AND FOCUS COMPANY ON ITS OEM AND IP-BASED AFTERMARKET BUSINESS RADNOR, Pa. , Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. ...

Other symbols: TGI
2 months ago - PRNewsWire

AAR adds Woodward, Inc. (66503) distribution support under Supplier Capability Contract with DLA Aviation

Wood Dale, Illinois, Dec. 11, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has added distribution sup...

2 months ago - GlobeNewsWire

AAR to announce second quarter fiscal year 2024 results on December 21, 2023

Wood Dale, Illinois, Dec. 07, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it wi...

2 months ago - GlobeNewsWire

AAR announces extension and expansion of Alaska Airlines MRO relationship, expected facility expansion in Oklahoma City

The agreement is expected to bolster AAR's workforce development efforts, benefiting both companies, the industry, and the Oklahoma labor market. The agreement is expected to bolster AAR's workforce d...

2 months ago - GlobeNewsWire

Airinmar selected by Pegasus to provide warranty management services

Berkshire, England, Nov. 16, 2023 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a...

3 months ago - GlobeNewsWire

AAR earns 2024 Military Friendly® Employer designations

Wood Dale, Illinois, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it ha...

3 months ago - GlobeNewsWire

AAR launches 2023 ESG Summary Report

Wood Dale, Illinois, Nov. 08, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summ...

3 months ago - GlobeNewsWire

AAR and MTU Maintenance extend Pratt & Whitney PW2000 aircraft engine parts supply agreement

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year co...

4 months ago - GlobeNewsWire

AAR elects Billy Nolen to its Board of Directors

Wood Dale, Illinois, Oct. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Billy...

4 months ago - GlobeNewsWire

A Government Shutdown Won't Hurt This Aerospace Stock

Airplane parts firm AAR reported a strong fiscal first quarter. A shutdown won't materially impact the company because previously awarded contracts keep paying.

5 months ago - Barrons

AAR reports first quarter fiscal year 2024 results

WOOD DALE, Ill., Sept. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported first quarter ...

5 months ago - GlobeNewsWire

AAR signs exclusive foreign military distribution agreement with Pall Corporation

Wood Dale, Illinois, Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive m...

5 months ago - GlobeNewsWire

AAR to announce first quarter fiscal year 2024 results on September 26, 2023

Wood Dale, Illinois, Sept. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it w...

5 months ago - GlobeNewsWire

AAR and Moog Inc. sign two multi-year commercial agreements

Wood Dale, Illinois, Aug. 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed two multi-year ...

6 months ago - GlobeNewsWire

AAR's Miami Airframe MRO facility expansion approved by Miami-Dade County

Wood Dale, Illinois, July 19, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has received approval from...

7 months ago - GlobeNewsWire