Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) witnessed a gain of 0.05% in recent trading period with closing price of $43.35. The company’s last traded volume of 354622 shares vs to an average volume of 635.02K shares. The stock’s price lost at -5.14% from 20-Days Simple Moving Average, plunged at -10.97% from 50-Days Simple Moving Average and settled at 3.02% from 200 Days Simple Moving Average. In the trailing 12 months period, return on assets ratio of the Company was 5.30% and return on equity ratio was 27.60% while its return on investment ratio was 21.00%.
Aerojet Rocketdyne Holdings, Inc. (AJRD) recently stated results for the three months ended September 30, 2019.
Financial Overview
Third quarter of 2019 contrast with third quarter of 2018
- Net sales for the three months ended September 30, 2019, totaled $481.8M contrast with $498.8M for the three months ended September 30, 2018.
- Net income for the three months ended September 30, 2019, was $32.9M, or $0.39 diluted earnings per share (“EPS”), contrast with net income of $65.0M, or $0.82 diluted EPS, for the three months ended September 30, 2018. Net income for the three months ended September 30, 2018, included a one-time after-tax benefit of $31.6M, or $0.40 diluted EPS, in environmental remediation provision adjustments as a result of reaching a determination with the U.S. government that certain environmental expenditures are reimbursable.
- Adjusted Net Income (Non-GAAP measure*) for the three months ended September 30, 2019, was $29.4M, or $0.35 Adjusted EPS (Non-GAAP measure*), contrast with Adjusted Net Income of $69.4M, or $0.88 Adjusted EPS, for the three months ended September 30, 2018.
- Adjusted EBITDAP (Non-GAAP measure*) for the three months ended September 30, 2019, was $62.2M contrast with $118.1M for the three months ended September 30, 2018. Adjusted EBITDAP for the three months ended September 30, 2018, included a one-time benefit of $43.0M in environmental remediation provision adjustments as a result of reaching a determination with the U.S. government that certain environmental expenditures are reimbursable.
- Section performance was $65.4M for the three months ended September 30, 2019, contrast with $108.6M for the three months ended September 30, 2018.
- Section performance before environmental remediation provision adjustments, retirement benefits, net, and unusual items (Non-GAAP measure*) was $59.6M for the three months ended September 30, 2019, contrast with $71.3M for the three months ended September 30, 2018.
- Cash provided by operating activities for the three months ended September 30, 2019, totaled $65.2M contrast with $72.5M of cash provided by operating activities for the three months ended September 30, 2018.
- Free cash flow (Non-GAAP measure*) for the three months ended September 30, 2019, totaled $55.8M contrast with $63.8M for the three months ended September 30, 2018.
- Total backlog as of September 30, 2019, was $4.5B contrast with $4.1B as of December 31, 2018.
Nine months ended September 30, 2019 contrast with nine months ended September 30, 2018
- Net sales for the nine months ended September 30, 2019, totaled $1,458.5M contrast with $1,458.0M for the nine months ended September 30, 2018.
- Net income for the nine months ended September 30, 2019, was $115.7M, or $1.39 diluted EPS, contrast with net income of $113.8M, or $1.47 diluted EPS, for the nine months ended September 30, 2018.
- Adjusted Net Income (Non-GAAP measure*) for the nine months ended September 30, 2019, was $107.1M, or $1.29 Adjusted EPS (Non-GAAP measure*), contrast with Adjusted Net Income of $124.6M, or $1.61 Adjusted EPS, for the nine months ended September 30, 2018.
- Adjusted EBITDAP (Non-GAAP measure*) for the nine months ended September 30, 2019, was $211.6M contrast with $241.1M for the nine months ended September 30, 2018.
- Section performance was $218.4M for the nine months ended September 30, 2019, contrast with $211.4M for the nine months ended September 30, 2018.
- Section performance before environmental remediation provision adjustments, retirement benefits, net, and unusual items (Non-GAAP measure*) was $202.7M for the nine months ended September 30, 2019, contrast with $178.6M for the nine months ended September 30, 2018.
- Cash provided by operating activities for the nine months ended September 30, 2019, totaled $96.4M contrast with $97.0M of cash provided by operating activities for the nine months ended September 30, 2018.
- Free cash flow (Non-GAAP measure*) for the nine months ended September 30, 2019, totaled $80.1M contrast with $76.1M for the nine months ended September 30, 2018.
Sales growth past 5 years was measured at 6.50%. EPS growth for this year is 130.60% and EPS growth for next year is expected to reach at 3.48%. EPS growth in past five years was -3.70% while EPS growth in next five years is projected to arrive at 20.00%. The short ratio in the company’s stock is documented at 14.71 and the short float is around of 12.21%. The Company has 76.74 million shares outstanding and 76.48 million shares were floated in market. The average true range of the stock is observed at 1.43 and the relative strength index of the stock is recorded at 33.25.
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