Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) – Analysts at Jefferies Group increased their Q1 2018 earnings estimates for shares of Aerojet Rocketdyne in a note issued to investors on Wednesday. Jefferies Group analyst G. Konrad now forecasts that the aerospace company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. Jefferies Group also issued estimates for Aerojet Rocketdyne’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.05 EPS and FY2020 earnings at $1.35 EPS.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). Aerojet Rocketdyne had a positive return on equity of 47.43% and a negative net margin of 0.49%. The business had revenue of $528.20 million during the quarter, compared to the consensus estimate of $540.35 million. During the same quarter last year, the company earned $0.74 EPS. Aerojet Rocketdyne’s revenue for the quarter was down .8% on a year-over-year basis.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and issued a $40.00 price objective on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.33.
Aerojet Rocketdyne (NYSE AJRD) opened at $27.46 on Friday. Aerojet Rocketdyne has a one year low of $18.88 and a one year high of $36.25. The company has a quick ratio of 1.38, a current ratio of 1.71 and a debt-to-equity ratio of 5.78. The firm has a market cap of $1,990.00, a P/E ratio of -211.23, a PEG ratio of 4.83 and a beta of 1.12.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new stake in Aerojet Rocketdyne during the 3rd quarter worth approximately $101,000. IFP Advisors Inc raised its stake in Aerojet Rocketdyne by 1,129.9% during the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 3,254 shares during the period. Ameritas Investment Partners Inc. raised its stake in Aerojet Rocketdyne by 18.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 925 shares during the period. Greenleaf Trust raised its stake in Aerojet Rocketdyne by 97.2% during the 4th quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 2,120 shares during the period. Finally, Fortaleza Asset Management Inc. bought a new stake in Aerojet Rocketdyne during the 3rd quarter worth approximately $136,000. Institutional investors own 98.11% of the company’s stock.
In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.
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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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