Wesco Aircraft (NYSE:WAIR) announced its quarterly earnings results on Thursday. The aerospace company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02), Bloomberg Earnings reports. Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. The firm had revenue of $363.10 million during the quarter, compared to the consensus estimate of $346.96 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.

Wesco Aircraft (NYSE:WAIR) traded up $1.80 during midday trading on Friday, hitting $8.35. 1,902,188 shares of the stock were exchanged, compared to its average volume of 478,017. Wesco Aircraft has a 52 week low of $6.05 and a 52 week high of $13.10. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.11. The company has a market cap of $646.91, a P/E ratio of -3.48, a P/E/G ratio of 0.87 and a beta of 0.58.

WAIR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Cowen reissued a “hold” rating and issued a $7.00 price target on shares of Wesco Aircraft in a report on Wednesday, November 29th. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a report on Thursday, November 30th. Finally, ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.30.

In related news, EVP Declan O. Grant acquired 7,170 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $6.94 per share, with a total value of $49,759.80. Following the acquisition, the executive vice president now owns 70,760 shares of the company’s stock, valued at approximately $491,074.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.30% of the company’s stock.

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Wesco Aircraft 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.

Earnings History for Wesco Aircraft (NYSE:WAIR)

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