Wesco Aircraft Holdings, Inc. (NYSE:WAIR) issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12, Bloomberg Earnings reports. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The company had revenue of $363.90 million for the quarter, compared to the consensus estimate of $379.32 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was down 3.0% on a year-over-year basis.
Wesco Aircraft Holdings (NYSE WAIR) remained flat at $7.75 during midday trading on Friday. 318,664 shares of the company traded hands. The firm’s market cap is $771.74 million. The company’s 50-day moving average price is $10.05 and its 200 day moving average price is $10.86. Wesco Aircraft Holdings has a 52 week low of $6.95 and a 52 week high of $15.78.
In other Wesco Aircraft Holdings news, CEO Todd Renehan bought 5,100 shares of Wesco Aircraft Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $7.79 per share, with a total value of $39,729.00. Following the transaction, the chief executive officer now directly owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Bancroft acquired 369,359 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $7.79 per share, for a total transaction of $2,877,306.61. Following the completion of the acquisition, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $105,063.73. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,047,208 shares of company stock valued at $8,907,125 over the last 90 days. 10.30% of the stock is currently owned by company insiders.
WAIR has been the subject of a number of recent analyst reports. Citigroup Inc. cut shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Jefferies Group LLC raised their target price on shares of Wesco Aircraft Holdings from $8.00 to $11.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 10th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Wesco Aircraft Holdings currently has a consensus rating of “Hold” and a consensus price target of $13.14.
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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