Wesco Aircraft Holdings Inc (NYSE:WAIR) – Research analysts at SunTrust Banks reduced their FY2018 EPS estimates for shares of Wesco Aircraft in a research note issued to investors on Wednesday, October 17th. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $0.79 for the year, down from their prior estimate of $0.81. SunTrust Banks also issued estimates for Wesco Aircraft’s Q4 2018 earnings at $0.22 EPS.

A number of other brokerages have also recently commented on WAIR. ValuEngine cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. UBS Group started coverage on shares of Wesco Aircraft in a research note on Wednesday, August 15th. They set a “sell” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.70.

Shares of WAIR stock opened at $10.46 on Thursday. The company has a market cap of $1.08 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 3.61. Wesco Aircraft has a 12 month low of $6.05 and a 12 month high of $14.23.

Wesco Aircraft (NYSE:WAIR) last announced its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The company had revenue of $410.36 million for the quarter, compared to analysts’ expectations of $385.06 million. Wesco Aircraft had a negative net margin of 0.85% and a positive return on equity of 9.82%. Wesco Aircraft’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS.

Institutional investors have recently bought and sold shares of the stock. Huber Capital Management LLC increased its holdings in Wesco Aircraft by 410.5% during the 2nd quarter. Huber Capital Management LLC now owns 598,960 shares of the aerospace company’s stock worth $6,738,000 after acquiring an additional 481,621 shares during the period. Alpha Windward LLC bought a new position in shares of Wesco Aircraft in the 2nd quarter worth $533,000. Bank of New York Mellon Corp increased its holdings in shares of Wesco Aircraft by 767.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,061,173 shares of the aerospace company’s stock worth $23,188,000 after buying an additional 1,823,540 shares during the last quarter. FMR LLC bought a new position in shares of Wesco Aircraft in the 2nd quarter worth $34,957,000. Finally, Aperio Group LLC increased its holdings in shares of Wesco Aircraft by 49.3% in the 2nd quarter. Aperio Group LLC now owns 72,754 shares of the aerospace company’s stock worth $818,000 after buying an additional 24,039 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.

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Earnings History and Estimates for Wesco Aircraft (NYSE:WAIR)

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