Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has been given a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company.
Analysts have set a 12-month consensus price objective of $33.00 for the company and are forecasting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aerojet Rocketdyne an industry rank of 95 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research report on Friday, March 9th.
Aerojet Rocketdyne stock traded down $0.03 during midday trading on Monday, reaching $27.23. 438,307 shares of the company traded hands, compared to its average volume of 893,627. Aerojet Rocketdyne has a twelve month low of $20.06 and a twelve month high of $36.25. The company has a current ratio of 1.71, a quick ratio of 1.48 and a debt-to-equity ratio of 5.78. The firm has a market cap of $2,047.23, a P/E ratio of -194.50, a P/E/G ratio of 4.77 and a beta of 1.10.
Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The business had revenue of $528.20 million during the quarter, compared to analyst estimates of $540.35 million. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts anticipate that Aerojet Rocketdyne will post 1.04 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter worth about $101,000. IFP Advisors Inc boosted its holdings in shares of Aerojet Rocketdyne by 1,129.9% in the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock worth $111,000 after buying an additional 3,254 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Aerojet Rocketdyne by 97.2% in the 4th quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock worth $134,000 after buying an additional 2,120 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter worth about $201,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Aerojet Rocketdyne by 307.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,312 shares of the aerospace company’s stock worth $221,000 after buying an additional 4,763 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
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About Aerojet Rocketdyne
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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