AJRD Stock Recent News

Is it time for Aerojet Rocketdybe investors to abandon spaceship?

Does Aerojet Rocketdyne Holdings (AJRD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Aerojet Rocketdyne's (AJRD) Q3 sales of $549.8 million inch up 0.8% from the year-ago quarter. The top line misses the Zacks Consensus Estimate by 1.6%.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD ) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants Kelly Anderson - Vice President of Investor Relations Eileen Drake - Chief Executive Officer and President Dan Boehle - Chief Financial Officer Conference Call Participants Scott Forbes - Jefferies Seth Seifman - JPMorgan Michael Ciarmoli - Truist Securities Operator Greetings and welcome to the Aerojet Rocketdyne Third Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of 2.27% and 1.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Over the past 10 years, Aerojet Rocketdyne stock has risen an average of 19.6% per year, while the S&P500 rose an average of 12.7% per year over the same period. The Lockheed Martin deal was accompanied by a 20% equity premium, making $56 per share appear to be a suitable acquisition price for future takeover candidates.

EL SEGUNDO, Calif., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (the “Company”) today announced that it will report its third quarter 2022 earnings results on Tuesday, November 1, 2022. The Company will also host a conference call and webcast that morning at 8:30 a.m. EDT / 5:30 a.m. PDT. Eileen P. Drake, Chief Executive Officer and President, and Dan Boehle, Chief Financial Officer, will host the call to discuss third quarter 2022 financial results and answer questions.

AHCHY, AJRD, and SKFRY have been added to the Zacks Rank #5 (Strong Sell) List on September 19, 2022.

Source: Shutterstock Aerojet Rocketdyne (NYSE: AJRD ) stock is receiving some additional attention today on news that Elliott Investment Management recently purchased substantial equity in the rocket maker. Elliott now owns a 3.7% stake in AJRD stock, adding to the fund's rolodex of acquisition interests.

Aerojet Rocketdyne missed expectations on sales and earnings. Unfavorable adjustments driven by investments for the future drove the earnings miss.