Wesco Aircraft (NYSE:WAIR) posted its quarterly earnings results on Monday. The aerospace company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.12), Fidelity Earnings reports. Wesco Aircraft had a net margin of 2.38% and a return on equity of 11.41%. The company had revenue of $432.29 million during the quarter, compared to analyst estimates of $444.13 million.
NYSE:WAIR opened at $10.97 on Wednesday. The stock has a market cap of $1.09 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42. The company has a current ratio of 3.84, a quick ratio of 1.20 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $11.00 and its 200-day moving average is $10.75. Wesco Aircraft has a 1-year low of $7.38 and a 1-year high of $11.30.
A number of research analysts have issued reports on the company. UBS Group upgraded Wesco Aircraft from a “sell” rating to a “neutral” rating and lifted their target price for the company from $9.75 to $11.05 in a research report on Monday, August 12th. ValuEngine cut Wesco Aircraft from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Zacks Investment Research cut Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Cowen reiterated a “hold” rating and issued a $11.50 target price on shares of Wesco Aircraft in a research report on Friday, August 9th.
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.
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