Wesco Aircraft (WAIR) Receiving Somewhat Favorable Press Coverage, Report Shows

News articles about Wesco Aircraft (NYSE:WAIR) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wesco Aircraft earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 46.3976920567368 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of research firms have weighed in on WAIR. Deutsche Bank upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price on the stock in a research note on Thursday, November 30th. BidaskClub upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of 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. ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $12.00 target price on shares of Wesco Aircraft in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.30.

Shares of Wesco Aircraft (WAIR) opened at $7.10 on Friday. The firm has a market cap of $676.76, a P/E ratio of -2.96, a P/E/G ratio of 0.88 and a beta of 0.66. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $15.55. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.11 and a current ratio of 3.87.

Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). The business had revenue of $361.60 million during the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. analysts forecast that Wesco Aircraft will post 0.64 earnings per share for the current fiscal year.

In other Wesco Aircraft news, EVP Declan O. Grant acquired 7,170 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $6.94 per share, with a total value of $49,759.80. Following the completion of the acquisition, the executive vice president now owns 70,760 shares in the company, valued at approximately $491,074.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Wesco Aircraft (NYSE:WAIR)

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