Equities analysts expect Wesco Aircraft Holdings, Inc. (NYSE:WAIR) to announce $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Wesco Aircraft Holdings’ earnings, with estimates ranging from $0.12 to $0.21. Wesco Aircraft Holdings reported earnings of $0.30 per share in the same quarter last year, which would indicate a negative year over year growth rate of 43.3%. The firm is expected to announce its next quarterly earnings results on Thursday, November 16th.

On average, analysts expect that Wesco Aircraft Holdings will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.71. For the next year, analysts forecast that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Wesco Aircraft Holdings.

Wesco Aircraft Holdings (NYSE:WAIR) last announced its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.12). The company had revenue of $363.90 million for the quarter, compared to the consensus estimate of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS.

A number of research firms recently issued reports on WAIR. Cowen and Company restated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wesco Aircraft Holdings has an average rating of “Hold” and an average target price of $10.60.

In other news, major shareholder Makaira Partners Llc acquired 123,067 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $7.81 per share, for a total transaction of $961,153.27. Following the completion of the transaction, the insider now owns 9,941,177 shares of the company’s stock, valued at $77,640,592.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Bancroft acquired 27,841 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $7.70 per share, with a total value of $214,375.70. Following the completion of the transaction, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $103,849.90. The disclosure for this purchase can be found here. Insiders have acquired 1,068,719 shares of company stock valued at $8,385,130 in the last quarter. Company insiders own 10.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Makaira Partners LLC boosted its position in shares of Wesco Aircraft Holdings by 18.0% in the second quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock valued at $104,702,000 after acquiring an additional 1,474,630 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Wesco Aircraft Holdings by 51.7% in the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock valued at $60,382,000 after acquiring an additional 1,896,483 shares during the period. Vanguard Group Inc. boosted its position in shares of Wesco Aircraft Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after acquiring an additional 19,114 shares during the period. Cove Street Capital LLC boosted its position in shares of Wesco Aircraft Holdings by 146.6% in the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock valued at $47,478,000 after acquiring an additional 2,601,134 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Wesco Aircraft Holdings by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock valued at $44,065,000 after acquiring an additional 473,010 shares during the period. Institutional investors own 93.41% of the company’s stock.

Shares of Wesco Aircraft Holdings (WAIR) opened at 9.55 on Wednesday. Wesco Aircraft Holdings has a one year low of $6.95 and a one year high of $15.77. The company’s market cap is $950.98 million. The company’s 50 day moving average is $9.20 and its 200 day moving average is $9.75.

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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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