Somewhat Positive Media Coverage Somewhat Unlikely to Affect Wesco Aircraft Holdings (NYSE:WAIR) Stock Price
Media coverage about Wesco Aircraft Holdings (NYSE:WAIR) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wesco Aircraft Holdings earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.1928148904945 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Wesco Aircraft Holdings Inc. (finance.yahoo.com)
- $0.22 EPS Expected for Wesco Aircraft Holdings, Inc. (NYSE:WAIR) This Quarter (americanbankingnews.com)
- Wesco Aircraft Holdings Sales Down 3% in 3Q (mdm.com)
- Edited Transcript of WAIR earnings conference call or presentation 8-Aug-17 9:00pm GMT (finance.yahoo.com)
Several equities analysts have weighed in on WAIR shares. BidaskClub raised Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Citigroup Inc. lowered Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Zacks Investment Research lowered Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a research note on Sunday, July 23rd. Finally, ValuEngine lowered Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.14.
Shares of Wesco Aircraft Holdings (WAIR) traded up 7.09% during midday trading on Friday, hitting $7.55. The company’s stock had a trading volume of 695,582 shares. The company’s market cap is $751.82 million. The company has a 50-day moving average price of $10.41 and a 200 day moving average price of $11.12. Wesco Aircraft Holdings has a 1-year low of $6.95 and a 1-year high of $15.78.
Wesco Aircraft Holdings (NYSE:WAIR) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 12.26% and a positive return on equity of 9.42%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, equities research analysts predict that Wesco Aircraft Holdings will post $0.75 EPS for the current year.
In other Wesco Aircraft Holdings news, Director Thomas Bancroft acquired 150,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of $9.45 per share, with a total value of $1,417,500.00. Following the purchase, the director now directly owns 13,487 shares of the company’s stock, valued at $127,452.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 1,396,510 shares of company stock worth $12,570,693 over the last three months. 10.30% of the stock is owned by company insiders.
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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.
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