Headlines about Wesco Aircraft (NYSE:WAIR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wesco Aircraft earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.3132993202247 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts recently commented on the stock. Cowen reiterated a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a research note on Wednesday, November 29th. BidaskClub cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Longbow Research initiated coverage on shares of Wesco Aircraft in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Wesco Aircraft currently has an average rating of “Hold” and a consensus target price of $9.30.
Shares of Wesco Aircraft (NYSE:WAIR) traded down $0.05 during mid-day trading on Friday, hitting $7.05. 706,673 shares of the stock were exchanged, compared to its average volume of 539,431. Wesco Aircraft has a 52 week low of $6.05 and a 52 week high of $15.55. The firm has a market cap of $701.64, a PE ratio of -2.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. The company has a current ratio of 3.87, a quick ratio of 1.11 and a debt-to-equity ratio of 1.22.
Wesco Aircraft (NYSE:WAIR) last announced its quarterly earnings data on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (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 business had revenue of $361.60 million during the quarter, compared to analyst estimates of $363.20 million. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. research analysts forecast that Wesco Aircraft will post 0.62 EPS for the current year.
In other news, EVP Declan O. Grant bought 7,170 shares of the stock in a transaction dated Monday, December 11th. The shares were acquired at an average price 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 in the company, valued at $491,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.30% of the stock is currently owned by corporate insiders.
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About Wesco Aircraft
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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