Brokerages expect that Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) will post earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Aerojet Rocketdyne’s earnings, with estimates ranging from $0.23 to $0.37. Aerojet Rocketdyne reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.88. For the next year, analysts anticipate that the business will post earnings of $1.09 per share, with EPS estimates ranging from $0.90 to $1.34. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Aerojet Rocketdyne.
Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $484.00 million for the quarter, compared to analyst estimates of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. Aerojet Rocketdyne’s revenue was up 4.3% on a year-over-year basis.
Several equities analysts recently commented on AJRD shares. CL King raised Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. BidaskClub lowered Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 13th. SunTrust Banks reissued a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. Jefferies Group lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Monday, October 23rd. Finally, Zacks Investment Research lowered Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.33.
In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of Aerojet Rocketdyne stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James R. Henderson sold 53,234 shares of Aerojet Rocketdyne stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $29.97, for a total value of $1,595,422.98. Following the sale, the director now owns 113,341 shares in the company, valued at $3,396,829.77. The disclosure for this sale can be found here. Insiders have sold a total of 88,235 shares of company stock worth $2,652,753 over the last three months. 2.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AJRD. Oppenheimer Asset Management Inc. purchased a new stake in Aerojet Rocketdyne during the 3rd quarter worth approximately $101,000. Ameritas Investment Partners Inc. increased its holdings in shares of Aerojet Rocketdyne by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 925 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $136,000. Advisor Group Inc. increased its holdings in shares of Aerojet Rocketdyne by 0.4% in the 2nd quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 35 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $201,000. Institutional investors own 97.76% of the company’s stock.
Aerojet Rocketdyne (NYSE:AJRD) opened at $31.44 on Friday. The company has a market capitalization of $2,356.64, a P/E ratio of 38.34, a P/E/G ratio of 6.79 and a beta of 1.41. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne has a 52-week low of $17.69 and a 52-week high of $36.25.
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Aerojet Rocketdyne Company Profile
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
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