Wesco Aircraft Holdings Inc (NYSE:WAIR) – Analysts at SunTrust Banks decreased their Q1 2019 earnings estimates for Wesco Aircraft in a research note issued on Thursday, November 15th. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.24. SunTrust Banks also issued estimates for Wesco Aircraft’s Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.22 EPS and Q4 2019 earnings at $0.21 EPS.

Several other equities analysts have also recently weighed in on WAIR. ValuEngine upgraded Wesco Aircraft from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. UBS Group started coverage on Wesco Aircraft in a research note on Wednesday, August 15th. They set a “sell” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.70.

Shares of WAIR opened at $9.75 on Monday. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $14.23. The company has a current ratio of 3.61, a quick ratio of 1.05 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $972.05 million, a P/E ratio of 13.00, a PEG ratio of 0.87 and a beta of 0.33.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Thursday, November 15th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Wesco Aircraft had a return on equity of 11.21% and a net margin of 2.08%. The firm had revenue of $406.82 million during the quarter, compared to the consensus estimate of $392.77 million.

A number of large investors have recently modified their holdings of the business. Phocas Financial Corp. bought a new position in Wesco Aircraft during the 3rd quarter valued at $6,575,000. IndexIQ Advisors LLC lifted its stake in Wesco Aircraft by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 221,780 shares of the aerospace company’s stock valued at $2,495,000 after acquiring an additional 8,377 shares in the last quarter. Mackenzie Financial Corp bought a new position in Wesco Aircraft during the 3rd quarter valued at $130,000. MetLife Investment Advisors LLC lifted its stake in Wesco Aircraft by 57.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 41,024 shares of the aerospace company’s stock valued at $462,000 after acquiring an additional 14,955 shares in the last quarter. Finally, Invictus RG bought a new position in Wesco Aircraft during the 3rd quarter valued at $233,000. Institutional investors and hedge funds own 89.87% of the company’s stock.

About Wesco Aircraft

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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