Analysts forecast that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will announce earnings per share (EPS) of $0.24 for the current quarter, according to Zacks. Two analysts have issued estimates for Aerojet Rocketdyne’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.27. Aerojet Rocketdyne reported earnings of $0.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Aerojet Rocketdyne will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.05. For the next financial year, analysts expect that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.09 to $1.20. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Aerojet Rocketdyne.
Get Aerojet Rocketdyne alerts:Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $492.00 million during the quarter, compared to analyst estimates of $417.68 million. Aerojet Rocketdyne had a negative net margin of 0.06% and a positive return on equity of 46.38%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS.
AJRD has been the subject of several recent research reports. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Aerojet Rocketdyne by 1.5% during the first quarter. Rhumbline Advisers now owns 139,811 shares of the aerospace company’s stock worth $3,911,000 after purchasing an additional 2,070 shares during the period. Swiss National Bank grew its stake in Aerojet Rocketdyne by 2.3% during the first quarter. Swiss National Bank now owns 111,200 shares of the aerospace company’s stock worth $3,110,000 after purchasing an additional 2,500 shares during the period. Prudential Financial Inc. grew its stake in Aerojet Rocketdyne by 2.1% during the first quarter. Prudential Financial Inc. now owns 126,057 shares of the aerospace company’s stock worth $3,526,000 after purchasing an additional 2,650 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Aerojet Rocketdyne by 42.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,995 shares of the aerospace company’s stock worth $281,000 after purchasing an additional 2,683 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Aerojet Rocketdyne by 7.5% during the first quarter. OppenheimerFunds Inc. now owns 43,006 shares of the aerospace company’s stock worth $1,203,000 after purchasing an additional 3,001 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.
Shares of AJRD stock traded up $0.05 on Wednesday, hitting $29.75. The company had a trading volume of 13,487 shares, compared to its average volume of 574,644. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 5.57 and a beta of 1.13. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 3.47. Aerojet Rocketdyne has a twelve month low of $21.35 and a twelve month high of $36.25.
About Aerojet Rocketdyne
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
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