Air Industries Group (NYSE:AIRI) Expected to Post Q3 2023 Earnings of ($0.16) Per Share

Air Industries Group (NYSE:AIRIFree Report) – Equities researchers at Taglich Brothers dropped their Q3 2023 earnings estimates for Air Industries Group in a research note issued on Tuesday, September 12th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of ($0.16) for the quarter, down from their prior forecast of $0.12. The consensus estimate for Air Industries Group’s current full-year earnings is $0.26 per share. Taglich Brothers also issued estimates for Air Industries Group’s Q4 2023 earnings at ($0.08) EPS and FY2023 earnings at ($0.55) EPS.

Separately, assumed coverage on shares of Air Industries Group in a research note on Saturday, September 9th. They issued a “hold” rating on the stock.

View Our Latest Research Report on Air Industries Group

Air Industries Group Price Performance

Shares of AIRI stock opened at $3.27 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.39 and a debt-to-equity ratio of 0.71. Air Industries Group has a 1 year low of $2.67 and a 1 year high of $7.28. The firm’s fifty day moving average price is $3.16 and its two-hundred day moving average price is $3.55. The firm has a market capitalization of $10.76 million, a P/E ratio of -5.19 and a beta of 0.92.

Air Industries Group (NYSE:AIRIGet Free Report) last issued its quarterly earnings results on Friday, August 18th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.15). Air Industries Group had a negative net margin of 3.88% and a negative return on equity of 12.27%. The business had revenue of $13.21 million during the quarter, compared to analyst estimates of $14.50 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Air Industries Group stock. Susquehanna International Group LLP acquired a new stake in Air Industries Group (NYSE:AIRIFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,614 shares of the company’s stock, valued at approximately $40,000. Susquehanna International Group LLP owned 0.33% of Air Industries Group at the end of the most recent reporting period. 9.47% of the stock is currently owned by hedge funds and other institutional investors.

About Air Industries Group

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Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component.

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Earnings History and Estimates for Air Industries Group (NYSE:AIRI)

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