Brokerages Expect Wesco Aircraft Holdings, Inc. (WAIR) to Announce $0.19 EPS
Equities analysts predict that Wesco Aircraft Holdings, Inc. (NYSE:WAIR) will report $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Wesco Aircraft Holdings’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.21. Wesco Aircraft Holdings posted earnings of $0.30 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 36.7%. The firm is expected to report its next earnings report on Thursday, November 16th.
According to Zacks, analysts expect that Wesco Aircraft Holdings will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.64 to $0.71. For the next year, analysts forecast that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Wesco Aircraft Holdings.
Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.12). Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The business had revenue of $363.90 million for the quarter, compared to analysts’ expectations of $379.32 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year.
A number of brokerages recently weighed in on WAIR. Cowen and Company reaffirmed a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a research report on Monday, July 17th. 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a research report on Sunday, July 23rd. ValuEngine raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.80.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/brokerages-expect-wesco-aircraft-holdings-inc-wair-to-announce-0-19-eps/1611914.html.
Wesco Aircraft Holdings (NYSE WAIR) opened at 9.70 on Friday. The company’s 50-day moving average price is $8.74 and its 200-day moving average price is $9.95. The company’s market capitalization is $965.92 million. Wesco Aircraft Holdings has a 52 week low of $6.95 and a 52 week high of $15.77.
In other news, Director Thomas Bancroft bought 27,841 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $214,375.70. Following the transaction, the director now owns 13,487 shares in the company, valued at $103,849.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Makaira Partners Llc bought 20,100 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was purchased at an average price of $8.48 per share, with a total value of $170,448.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,068,719 shares of company stock valued at $8,385,130. 10.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in Wesco Aircraft Holdings in the 1st quarter worth about $123,000. Aperio Group LLC acquired a new stake in shares of Wesco Aircraft Holdings in the 2nd quarter worth approximately $186,000. HighTower Advisors LLC lifted its stake in shares of Wesco Aircraft Holdings by 1.9% in the 1st quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 368 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Wesco Aircraft Holdings in the 2nd quarter worth approximately $278,000. Finally, Voya Investment Management LLC lifted its stake in shares of Wesco Aircraft Holdings by 26.1% in the 2nd quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock worth $282,000 after acquiring an additional 5,376 shares during the period. Hedge funds and other institutional investors own 93.73% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wesco Aircraft Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesco Aircraft Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.