Media coverage about Wesco Aircraft (NYSE:WAIR) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wesco Aircraft earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 46.4281529342837 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Wesco Aircraft (NYSE:WAIR) opened at $7.75 on Friday. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $15.55. The company has a market capitalization of $771.31, a PE ratio of -3.23, a P/E/G ratio of 0.99 and a beta of 0.66. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.11.
Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. The firm had revenue of $361.60 million during the quarter, compared to the consensus estimate of $363.20 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. equities analysts anticipate that Wesco Aircraft will post 0.64 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on WAIR shares. Zacks Investment Research raised Wesco Aircraft from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. BidaskClub raised Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. SunTrust Banks reissued a “buy” rating and issued a $12.00 price objective on shares of Wesco Aircraft in a research note on Monday, October 2nd. Cowen reissued a “hold” rating and issued a $7.00 price objective on shares of Wesco Aircraft in a research note on Wednesday, November 29th. Finally, Longbow Research started coverage on Wesco Aircraft in a research note on Thursday, January 4th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.30.
In other news, EVP Declan O. Grant bought 7,170 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $6.94 per share, with a total value of $49,759.80. Following the transaction, the executive vice president now directly owns 70,760 shares of the company’s stock, valued at approximately $491,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.90% 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.
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