Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Scheduled to Post Quarterly Earnings on Thursday
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) is set to announce its earnings results after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $364.60 million during the quarter, compared to the consensus estimate of $367.92 million. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, analysts expect Wesco Aircraft Holdings to post $0.85 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.
Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) opened at 10.55 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.37 and a beta of 0.69. The firm’s 50 day moving average price is $10.50 and its 200-day moving average price is $11.53. Wesco Aircraft Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $15.77.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, July 22nd. ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a research note on Sunday. Cowen and Company reissued a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Finally, BidaskClub raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.14.
In other Wesco Aircraft Holdings news, Director Thomas Bancroft acquired 246,510 shares of the stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $9.83 per share, with a total value of $2,423,193.30. Following the transaction, the director now owns 13,487 shares in the company, valued at approximately $132,577.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 1,396,510 shares of company stock valued at $12,570,693 over the last three months. 10.30% of the stock is currently owned by insiders.
Wesco Aircraft Holdings Company Profile
Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.
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