Wesco Aircraft Holdings Inc (NYSE:WAIR) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.08.
Several research analysts have commented on the company. UBS Group assumed coverage on Wesco Aircraft in a research report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price target on the stock. ValuEngine raised Wesco Aircraft from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd.
Shares of WAIR stock traded up $0.10 during trading on Friday, reaching $10.65. The company had a trading volume of 248,066 shares, compared to its average volume of 328,769. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 3.61. Wesco Aircraft has a one year low of $6.05 and a one year high of $14.23. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.14 and a beta of 0.14.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $0.20 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $410.36 million for the quarter, compared to the consensus estimate of $385.06 million. Wesco Aircraft had a positive return on equity of 9.82% and a negative net margin of 0.85%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. analysts forecast that Wesco Aircraft will post 0.79 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Makaira Partners LLC increased its position in shares of Wesco Aircraft by 6.3% during the first quarter. Makaira Partners LLC now owns 10,817,428 shares of the aerospace company’s stock valued at $110,878,000 after purchasing an additional 643,610 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Wesco Aircraft by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,688,417 shares of the aerospace company’s stock valued at $63,995,000 after purchasing an additional 386,922 shares during the period. FMR LLC bought a new stake in shares of Wesco Aircraft during the second quarter valued at approximately $34,957,000. Royce & Associates LP increased its position in shares of Wesco Aircraft by 2.2% during the second quarter. Royce & Associates LP now owns 3,050,257 shares of the aerospace company’s stock valued at $34,315,000 after purchasing an additional 64,700 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Wesco Aircraft in the 1st quarter valued at $23,871,000. Institutional investors and hedge funds own 90.48% of the company’s stock.
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.
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