Market Overview

UPDATE: D.A. Davidson Reiterates Rating, Lowers Price Target On AAR Corp. After FQ1 Earnings Disappoint


In a report published Wednesday, D.A. Davidson analyst JB Groh reiterated a Buy rating on AAR Corp. (NYSE: AIR), but lowered the price target from $36.00 to $32.00.

In the report, D.A. Davidson noted, “AAR reported Q1 2015 EPS of $0.36, below our estimate of $0.40 and the $0.38 Street mean. Overall sales declined 8.8% to $469 million; below our estimate of $500 million and the $488 million Street mean. Consolidated gross margin for the quarter was 16.0%; down 50bp year-over-year, 100bp sequentially and 40bp below our estimate. Free cash flow was $6.0 million or $0.15 per share; it was negatively impacted by inventory purchases related to a supply chain contract. Commercial sales were up 2.4% (~65% of revenue) and defense sales fell 24% from Q1:14 (~35% of revenue).”

AAR Corp. closed on Tuesday at $28.00.

Latest Ratings for AIR

Jul 2019Initiates Coverage OnBuy
Sep 2018MaintainsOutperformOutperform
Sep 2018MaintainsBuyBuy

View More Analyst Ratings for AIR
View the Latest Analyst Ratings

Posted-In: D.A. Davidson JB GrohAnalyst Color Price Target Analyst Ratings


Related Articles (AIR)

View Comments and Join the Discussion!

Latest Ratings

PNRJefferiesInitiates Coverage On
IPHIBank of AmericaMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Seattle Genetics Offers Updated Progression-Free Survival, Overall Survival Data from ADCETRIS Frontline PTCL Phase 1 Trial

Bank Of America Cuts Estimates, Price Targets On Casino Stocks