Analysts Expect Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Will Post Quarterly Sales of $504.28 Million

Equities analysts forecast that Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) will announce sales of $504.28 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Aerojet Rocketdyne’s earnings. The highest sales estimate is $524.90 million and the lowest is $493.04 million. Aerojet Rocketdyne reported sales of $437.90 million during the same quarter last year, which indicates a positive year over year growth rate of 15.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that Aerojet Rocketdyne will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.95 billion to $1.98 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.05 billion, with estimates ranging from $2.03 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Aerojet Rocketdyne.

Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.09). The firm had revenue of $481.80 million during the quarter, compared to the consensus estimate of $505.47 million. Aerojet Rocketdyne had a return on equity of 27.14% and a net margin of 7.34%. Aerojet Rocketdyne’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS.

A number of brokerages have recently weighed in on AJRD. Zacks Investment Research raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price target for the company in a research note on Friday, August 2nd. ValuEngine raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. began coverage on shares of Aerojet Rocketdyne in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, SunTrust Banks upped their price target on shares of Aerojet Rocketdyne to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aerojet Rocketdyne has an average rating of “Buy” and an average target price of $52.25.

Shares of NYSE:AJRD traded up $0.16 during trading on Wednesday, reaching $44.11. The company had a trading volume of 500,638 shares, compared to its average volume of 621,272. The firm’s fifty day moving average is $46.56 and its 200 day moving average is $44.97. The firm has a market capitalization of $3.51 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 4.76 and a beta of 0.38. Aerojet Rocketdyne has a twelve month low of $30.11 and a twelve month high of $52.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.54 and a current ratio of 1.54.

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In related news, CEO Eileen P. Drake sold 38,656 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $52.07, for a total transaction of $2,012,817.92. Following the completion of the sale, the chief executive officer now directly owns 358,271 shares of the company’s stock, valued at $18,655,170.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC purchased a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $1,981,000. Mason Street Advisors LLC lifted its position in shares of Aerojet Rocketdyne by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 24,578 shares of the aerospace company’s stock valued at $1,241,000 after acquiring an additional 424 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Aerojet Rocketdyne by 21.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,408 shares of the aerospace company’s stock valued at $172,000 after acquiring an additional 612 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Aerojet Rocketdyne by 1.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,238,500 shares of the aerospace company’s stock valued at $113,066,000 after acquiring an additional 34,445 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Aerojet Rocketdyne in the 3rd quarter valued at approximately $351,000.

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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Earnings History and Estimates for Aerojet Rocketdyne (NYSE:AJRD)

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