Somewhat Positive Media Coverage Somewhat Unlikely to Affect Wesco Aircraft (WAIR) Share Price

News headlines about Wesco Aircraft (NYSE:WAIR) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wesco Aircraft earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 46.7938061131342 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

WAIR stock opened at $10.40 on Thursday. The stock has a market cap of $1,029.96, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.23 and a beta of 0.12. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.93 and a quick ratio of 1.06. Wesco Aircraft has a 52-week low of $6.05 and a 52-week high of $12.53.

Wesco Aircraft (NYSE:WAIR) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $363.10 million for the quarter, compared to analyst estimates of $346.96 million. Wesco Aircraft had a negative net margin of 17.26% and a positive return on equity of 7.42%. Wesco Aircraft’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. analysts forecast that Wesco Aircraft will post 0.7 EPS for the current year.

Several analysts have recently commented on WAIR shares. Zacks Investment Research upgraded Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, March 10th. Longbow Research started coverage on Wesco Aircraft in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Citigroup raised their target price on Wesco Aircraft from $7.30 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, ValuEngine upgraded Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wesco Aircraft presently has a consensus rating of “Hold” and an average target price of $9.58.

In related news, major shareholder Makaira Partners Llc purchased 14,210 shares of the business’s stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $9.21 per share, for a total transaction of $130,874.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 893,610 shares of company stock valued at $7,881,718 in the last quarter. Company insiders own 11.90% of the company’s stock.

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Wesco Aircraft Company Profile

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.

Insider Buying and Selling by Quarter for Wesco Aircraft (NYSE:WAIR)

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