Analysts expect that Wesco Aircraft Holdings, Inc. (NYSE:WAIR) will report $396.42 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Wesco Aircraft Holdings’ earnings. The lowest sales estimate is $370.83 million and the highest is $422.00 million. Wesco Aircraft Holdings posted sales of $365.60 million in the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The business is expected to announce its next earnings results on Thursday, November 16th.

On average, analysts expect that Wesco Aircraft Holdings will report full year sales of $396.42 million for the current year, with estimates ranging from $1.43 billion to $1.49 billion. For the next financial year, analysts forecast that the business will report sales of $1.49 billion per share, with estimates ranging from $1.46 billion to $1.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Wesco Aircraft Holdings.

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

Several research analysts recently commented on WAIR shares. Zacks Investment Research lowered shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a research note on Sunday, July 23rd. Cowen and Company reiterated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $12.00 price objective on shares of Wesco Aircraft Holdings in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Wesco Aircraft Holdings has a consensus rating of “Hold” and a consensus target price of $10.60.

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In other Wesco Aircraft Holdings news, major shareholder Makaira Partners Llc bought 123,067 shares of Wesco Aircraft Holdings stock in a transaction dated Monday, August 21st. The stock was acquired 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 directly owns 9,941,177 shares of the company’s stock, valued at $77,640,592.37. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard Weller bought 8,000 shares of Wesco Aircraft Holdings stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of $8.05 per share, with a total value of $64,400.00. Following the completion of the transaction, the insider now directly owns 42,901 shares of the company’s stock, valued at $345,353.05. The disclosure for this purchase can be found here. Insiders have acquired 1,068,719 shares of company stock valued at $8,385,130 over the last 90 days. 10.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Wesco Aircraft Holdings by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after buying an additional 661 shares during the last quarter. Makaira Partners LLC raised 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 buying an additional 1,474,630 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Wesco Aircraft Holdings by 42.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock valued at $837,000 after buying an additional 23,617 shares during the last quarter. State Street Corp raised its position in shares of Wesco Aircraft Holdings by 11.9% in the second quarter. State Street Corp now owns 2,014,604 shares of the aerospace company’s stock valued at $21,861,000 after buying an additional 214,402 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Wesco Aircraft Holdings by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock valued at $282,000 after buying an additional 5,376 shares during the last quarter. Institutional investors and hedge funds own 93.41% of the company’s stock.

Shares of Wesco Aircraft Holdings (NYSE:WAIR) traded down 3.17% during midday trading on Friday, reaching $9.15. 74,662 shares of the company’s stock were exchanged. Wesco Aircraft Holdings has a 12-month low of $6.95 and a 12-month high of $15.78. The company’s market cap is $911.15 million. The stock’s 50 day moving average price is $9.23 and its 200 day moving average price is $9.74.

About Wesco Aircraft Holdings

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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