AAR shares jump after Q1 results beat and deal for 65% of MRO Holdings
AAR shares rose about 7% to $123 premarket after Q1 adjusted EPS of $1.49 beat $1.08 a year ago. The company also forecast low-teens sales growth and said it will acquire a 65% controlling interest in MRO Holdings for about $1.8 billion, expected to close in fiscal Q3 ending February 2027.
08 a year earlier. The aviation aftermarket services provider said it now expects annual sales growth in the low teens, versus its prior forecast for low double-digit to low-teen growth. 8 billion, with the transaction expected to close in fiscal third quarter ending February 2027. The company said it would pay a termination fee of $100 million, or $150 million if the deal is terminated because competition approval is not obtained, according to SEC filings.
Data compiled showed a median price target of $145 from 8 brokerages covering the stock, and the shares were up about 40% year to date as of the last close.