Analysts Expect Wesco Aircraft Holdings, Inc. (WAIR) Will Announce Earnings of $0.22 Per Share
Wall Street analysts predict that Wesco Aircraft Holdings, Inc. (NYSE:WAIR) will post $0.22 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Wesco Aircraft Holdings’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.25. Wesco Aircraft Holdings posted earnings per share of $0.30 in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.7%. The business is scheduled to issue its next earnings results on Thursday, November 16th.
On average, analysts expect that Wesco Aircraft Holdings will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.70 to $0.90. For the next financial year, analysts expect that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.69 to $0.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Wesco Aircraft Holdings.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $363.90 million for the quarter, compared to the consensus estimate of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 8.87% and a negative net margin of 12.26%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS.
A number of brokerages recently commented on WAIR. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday. Cowen and Company reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday. ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.14.
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In other news, Director Thomas Bancroft purchased 150,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were acquired at an average price of $9.45 per share, with a total value of $1,417,500.00. Following the acquisition, the director now directly owns 13,487 shares in the company, valued at $127,452.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders acquired 1,396,510 shares of company stock worth $12,570,693. Insiders own 10.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in shares of Wesco Aircraft Holdings during the first quarter worth $123,000. Aperio Group LLC bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth $186,000. HighTower Advisors LLC raised its stake in shares of Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after buying an additional 368 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Wesco Aircraft Holdings by 211.6% in the first quarter. Great West Life Assurance Co. Can now owns 26,179 shares of the aerospace company’s stock worth $298,000 after buying an additional 17,777 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth $304,000. 87.87% of the stock is currently owned by institutional investors and hedge funds.
Wesco Aircraft Holdings (WAIR) traded up 7.09% during mid-day trading on Friday, hitting $7.55. 695,582 shares of the company’s stock were exchanged. The stock’s market cap is $746.46 million. The stock’s 50 day moving average price is $10.48 and its 200-day moving average price is $11.17. Wesco Aircraft Holdings has a 12 month low of $6.95 and a 12 month high of $15.78.
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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