Analysts Set Expectations for Wesco Aircraft Holdings, Inc.’s FY2018 Earnings (WAIR)

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) – Equities research analysts at SunTrust Banks decreased their FY2018 earnings per share (EPS) estimates for Wesco Aircraft in a note issued to investors on Tuesday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $0.68 per share for the year, down from their previous forecast of $0.87. SunTrust Banks currently has a “Buy” rating and a $12.00 price target on the stock. SunTrust Banks also issued estimates for Wesco Aircraft’s FY2019 earnings at $0.98 EPS.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, October 19th. TheStreet cut Wesco Aircraft from a “c” rating to a “d+” rating in a research note on Tuesday, August 8th. ValuEngine cut Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Cowen reaffirmed a “hold” rating on shares of Wesco Aircraft in a research note on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Wesco Aircraft presently has an average rating of “Hold” and a consensus price target of $9.30.

Wesco Aircraft (WAIR) traded down $0.10 on Friday, hitting $7.30. The stock had a trading volume of 506,168 shares, compared to its average volume of 574,420. The company has a market capitalization of $766.76, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.84 and a beta of 0.74. Wesco Aircraft has a 1 year low of $6.05 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 4.06.

Wesco Aircraft (NYSE:WAIR) last released its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). The business had revenue of $361.60 million for the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 6.97%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS.

Large investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC grew its stake in Wesco Aircraft by 9.4% in the third quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after purchasing an additional 522,991 shares in the last quarter. Vanguard Group Inc. grew its stake in Wesco Aircraft by 0.4% in the second quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock worth $49,201,000 after purchasing an additional 19,114 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in Wesco Aircraft in the second quarter worth approximately $2,363,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Wesco Aircraft by 42.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock worth $837,000 after purchasing an additional 23,617 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Wesco Aircraft by 158.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 139,243 shares of the aerospace company’s stock worth $1,511,000 after purchasing an additional 85,461 shares in the last quarter. 94.87% of the stock is currently owned by institutional investors.

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About Wesco Aircraft

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.

Earnings History and Estimates for Wesco Aircraft (NYSE:WAIR)

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