Intraday Mover: Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD)

Loretta Morfin

I am Loretta Morfin and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets.

I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

Address: 3966 Euclid Avenue, San Luis Obispo, CA 93401, USA
Phone: (+1) 805-361-3810
Email: lorettamorfin@importtourism.com
Loretta Morfin

EL SEGUNDO, Calif., July 23, 2019 – Shares of Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) lost -0.29% to $44.38. The stock grabbed the investor’s attention and traded 307.521K shares as compared to its average daily volume of 683.39K shares.

Aerojet Rocketdyne Holdings Inc. (AJRD) reported first-quarter earnings of $38.70M. On a per-share basis, the El Segundo, California-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring gains, came to 44 cents per share.

Financial Overview

First quarter of 2019 contrast with first quarter of 2018:

  • Net sales for the three months ended March 31, 2019, totaled $491.70M contrast with $492.00M for the three months ended March 31, 2018.
  • Adjusted Net Income for the three months ended March 31, 2019, was $36.30M, or $0.44 Adjusted EPS, contrast with $17.10M, or $0.22 Adjusted EPS for three months ended March 31, 2018.
  • Adjusted EBITDAP for the three months ended March 31, 2019, was $71.00M contrast with $47.20M for the three months ended March 31, 2018.
  • Segment performance before environmental remediation provision adjustments, retirement benefits, net, and unusual items was $65.40M for the three months ended March 31, 2019, contrast with $37.20M for the three months ended March 31, 2018.
  • Cash used in operating activities for the three months ended March 31, 2019, totaled $(17.70)M contrast with $(95.40)M of cash used in operating activities for the three months ended March 31, 2018.
  • Free cash flow for the three months ended March 31, 2019, totaled $(19.20)M contrast with $(99.50)M for the three months ended March 31, 2018.
  • Total backlog as of March 31, 2019, was $3.80B contrast with $4.10B as of December 31, 2018.

AJRD has a market value of $3.46B while its EPS was booked as $2.04 in the last 12 months. The stock has 77.93M shares outstanding. In the profitability analysis, the company has gross profit margin of 19.80% while net profit margin was 8.40%. Beta value of the company was 0.55; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.

Loretta Morfin

Loretta Morfin

I am Loretta Morfin and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 3966 Euclid Avenue, San Luis Obispo, CA 93401, USA Phone: (+1) 805-361-3810 Email: lorettamorfin@importtourism.com