Wesco Aircraft Holdings (NYSE: WAIR) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Wesco Aircraft Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They wrote, “Q3’s gross margin drop on lower spot sales underscores poor execution and the.””
  • 7/28/2017 – Wesco Aircraft Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Wesco Aircraft Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/23/2017 – Wesco Aircraft Holdings had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $9.00 price target on the stock.
  • 7/22/2017 – Wesco Aircraft Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California. “
  • 7/17/2017 – Wesco Aircraft Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $9.00 price target on the stock.
  • 7/13/2017 – Wesco Aircraft Holdings was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California. “
  • 7/5/2017 – Wesco Aircraft Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Wesco Aircraft Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/16/2017 – Wesco Aircraft Holdings was given a new $9.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 6/13/2017 – Wesco Aircraft Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) opened at 7.85 on Thursday. The firm’s 50-day moving average is $10.56 and its 200 day moving average is $11.20. The company has a market capitalization of $782.54 million, a PE ratio of 9.95 and a beta of 0.69. Wesco Aircraft Holdings, Inc. has a one year low of $7.25 and a one year high of $15.78.

Wesco Aircraft Holdings (NYSE:WAIR) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. Wesco Aircraft Holdings had a net margin of 5.39% and a return on equity of 11.03%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, equities analysts expect that Wesco Aircraft Holdings, Inc. will post $0.85 EPS for the current fiscal year.

In other Wesco Aircraft Holdings news, Director Thomas Bancroft purchased 1,000,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $8.73 per share, with a total value of $8,730,000.00. Following the completion of the acquisition, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $117,741.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 1,396,510 shares of company stock valued at $12,570,693 over the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

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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