Analysts expect Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to announce $426.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Aerojet Rocketdyne Holdings’ earnings. The highest sales estimate is $436.90 million and the lowest is $421.00 million. Aerojet Rocketdyne Holdings posted sales of $408.40 million during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Aerojet Rocketdyne Holdings will report full-year sales of $426.50 million for the current year, with estimates ranging from $1.85 billion to $1.92 billion. For the next year, analysts expect that the business will post sales of $1.95 billion per share, with estimates ranging from $1.90 billion to $2.01 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Aerojet Rocketdyne Holdings.

A number of equities research analysts recently weighed in on AJRD shares. Jefferies Group LLC started coverage on Aerojet Rocketdyne Holdings in a research report on Friday, March 31st. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AJRD. Engine Capital Management LLC bought a new position in shares of Aerojet Rocketdyne Holdings during the fourth quarter valued at approximately $20,463,000. Glen Harbor Capital Management LLC increased its position in shares of Aerojet Rocketdyne Holdings by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock worth $116,000 after buying an additional 510 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Aerojet Rocketdyne Holdings by 9.7% in the first quarter. State of Alaska Department of Revenue now owns 8,260 shares of the aerospace company’s stock worth $179,000 after buying an additional 730 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Aerojet Rocketdyne Holdings by 1.3% in the first quarter. Teachers Advisors LLC now owns 101,023 shares of the aerospace company’s stock worth $2,192,000 after buying an additional 1,310 shares in the last quarter. Finally, Menta Capital LLC increased its position in shares of Aerojet Rocketdyne Holdings by 4.0% in the fourth quarter. Menta Capital LLC now owns 51,556 shares of the aerospace company’s stock worth $925,000 after buying an additional 1,994 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aerojet Rocketdyne Holdings (NYSE AJRD) opened at 20.84 on Friday. Aerojet Rocketdyne Holdings has a one year low of $16.04 and a one year high of $23.27. The company has a market cap of $1.55 billion, a PE ratio of 77.19 and a beta of 1.51. The stock’s 50 day moving average price is $21.44 and its 200 day moving average price is $20.34.

About Aerojet Rocketdyne Holdings

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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