Q1 2024 EPS Estimates for Air Industries Group Increased by Taglich Brothers (NYSE:AIRI)

Air Industries Group (NYSE:AIRI) – Investment analysts at Taglich Brothers upped their Q1 2024 earnings per share (EPS) estimates for shares of Air Industries Group in a report issued on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now expects that the company will post earnings of ($0.12) per share for the quarter, up from their prior estimate of ($0.21). The consensus estimate for Air Industries Group’s current full-year earnings is ($0.57) per share. Taglich Brothers also issued estimates for Air Industries Group’s Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.29) EPS.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share for the quarter. The business had revenue of $13.47 million during the quarter, compared to the consensus estimate of $12.40 million. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%.

Separately, StockNews.com started coverage on Air Industries Group in a research note on Saturday, April 20th. They set a “hold” rating for the company.

Air Industries Group Price Performance

Shares of AIRI opened at $6.14 on Friday. The company has a market cap of $20.35 million, a P/E ratio of -9.45 and a beta of 0.60. The stock has a fifty day moving average price of $4.76 and a 200 day moving average price of $3.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 0.33. Air Industries Group has a 12 month low of $2.60 and a 12 month high of $6.50.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.