These Analysts Increase Their Forecasts On AAR Following Upbeat Q3 Results

Benzinga
昨天

AAR Corp (NYSE:AIR) on Tuesday reported better-than-expected earnings for the third quarter and raised its FY2026 sales forecast.

AAR reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.15 per share. The company reported quarterly sales of $845.100 million which beat the analyst consensus estimate of $812.537 million.

“AAR delivered another outstanding quarter, continuing our momentum. Total sales were up 25%, including 14% organic adjusted sales growth,” stated John M. Holmes, AAR’s Chairman, President and CEO. “We saw growth across each of our parts, repair, and software platform activities in the quarter. Our Parts Supply segment grew 45% led by 36% organic growth in our new parts Distribution activity. Within new parts Distribution we saw 55% organic growth in sales to our government customers. Our Repair & Engineering business also reported strong sales growth in the period on continued volume increases in our hangars and component repair facilities, while Trax results showcased further expansion of its recurring software revenue.

AAR shares jumped 9.9% to close at $118.52 on Wednesday.

These analysts made changes to their price targets on AAR following earnings announcement.

  • Keybanc analyst Michael Leshock maintained AAR with an Overweight rating and raised the price target from $109 to $120.
  • RBC Capital analyst Ken Herbert maintained the stock with an Outperform rating and raised the price target from $105 to $125.

Considering buying AIR stock? Here’s what analysts think:

Photo via Shutterstock

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