Wesco Aircraft Holdings, Inc. (NYSE:WAIR) announced its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.12, Bloomberg Earnings reports. Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. The firm had revenue of $363.90 million for the quarter, compared to analyst estimates of $379.32 million. During the same period in the previous year, the company earned $0.29 EPS. Wesco Aircraft Holdings’s revenue was down 3.0% compared to the same quarter last year.
Shares of Wesco Aircraft Holdings (NYSE:WAIR) remained flat at $7.75 on Friday. The company had a trading volume of 318,664 shares. The firm has a 50-day moving average price of $10.05 and a 200-day moving average price of $10.86. The company’s market cap is $771.74 million. Wesco Aircraft Holdings has a 12-month low of $6.95 and a 12-month high of $15.78.
In other Wesco Aircraft Holdings news, CEO Todd Renehan purchased 5,100 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $7.79 per share, for a total transaction of $39,729.00. Following the acquisition, the chief executive officer now owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Bancroft purchased 150,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $9.45 per share, with a total value of $1,417,500.00. Following the completion of the acquisition, the director now directly owns 13,487 shares in the company, valued at approximately $127,452.15. The disclosure for this purchase can be found here. Insiders acquired a total of 1,047,208 shares of company stock valued at $8,907,125 over the last quarter. 10.30% of the stock is currently owned by insiders.
A number of brokerages have commented on WAIR. ValuEngine cut Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet cut Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, August 9th. BidaskClub raised Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.14.
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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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