Telair International GmbH, a wholly owned subsidiary of
) closed the acquisition of cargo loading system assets of
Speyer, Germany-based PFW Aerospace GmbH. The acquisition,
which was announced early this month, was funded through
The acquisition includes the cargo loading system business for
the Airbus A320 family as well as aftermarket spares for
additional legacy PFW cargo loading systems produced for other
Airbus podiums. Telair will transfer the assets to, and
perform operations at, its Miesbach, Germany facility.
The acquisition intends to boost Telair's market position as a
supplier of cargo loading and baggage handling systems. Miesbach,
Germany-based Telair holds a leading position in designing as
well as manufacture of cargo loading systems. This unit is also
known for its support services of cargo loading systems for
wide-body and narrow-body aircraft, including in the most current
and next-generation passenger and freighter models.
There was no earnings momentum at AAR Corp. over the last 60
days. With optimism over the current acquisition we expect
analysts to raise their estimates. AAR Corp. currently carries a
Zacks Rank #3 (Hold).
AAR is scheduled to announce its second quarter fiscal 2014
earnings results on Dec 19, after the market closes. AAR Corp.
had delivered positive earnings surprise in the last 4 quarters
with an average beat of nearly 9%.
However, we cannot conclusively say whether it will continue
with the trend. This is because Expected Surprise Prediction or
Earnings ESP, which is currently 0.00%, combined with Zacks Rank
#3 lowers the predictive power. However, The Zacks Consensus
Estimate for the quarter is currently pegged at 50 cents,
reflecting a year-over-year increase of 13.6%.
AAR CORP (AIR): Free Stock Analysis Report
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HEICO CORP (HEI): Free Stock Analysis Report
HEXCEL CORP (HXL): Free Stock Analysis Report
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Some better-ranked aerospace stocks include
Alliant Techsystems Inc.
) While Alliant Techsystems sports a Zacks Rank #1 (Strong Buy),
HEICO and Hexcel carry a Zacks Rank #2 (Buy).