B/E Aerospace Inc. (BEAV) Reaches New 12-Month High at $51.38
Shares of B/E Aerospace Inc. (NASDAQ:BEAV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.38 and last traded at $51.36, with a volume of 742,731 shares traded. The stock had previously closed at $50.55.
A number of brokerages recently issued reports on BEAV. Jefferies Group restated a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. Zacks Investment Research downgraded B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Morgan Stanley began coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. downgraded B/E Aerospace from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Thursday, May 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $53.60.
The stock has a 50-day moving average price of $48.14 and a 200-day moving average price of $47.04. The stock has a market cap of $5.30 billion and a PE ratio of 18.02.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. During the same period last year, the firm posted $0.75 EPS. The firm had revenue of $753 million for the quarter, compared to analysts’ expectations of $714.04 million. B/E Aerospace’s revenue was up 7.5% on a year-over-year basis. Analysts expect that B/E Aerospace Inc. will post $3.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, August 11th.
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).
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