Wesco Aircraft Holdings Inc (NYSE:WAIR) – SunTrust Banks cut their FY2018 earnings per share estimates for Wesco Aircraft in a report issued on Wednesday, October 17th. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will post earnings of $0.79 per share for the year, down from their prior forecast of $0.81. SunTrust Banks also issued estimates for Wesco Aircraft’s Q4 2018 earnings at $0.22 EPS.
Several other equities research analysts have also recently commented on the stock. UBS Group started coverage on shares of Wesco Aircraft in a research report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 target price for the company. ValuEngine cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.70.
Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Thursday, August 2nd. The aerospace company reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Wesco Aircraft had a negative net margin of 0.85% and a positive return on equity of 9.82%. The firm had revenue of $410.36 million during the quarter, compared to analysts’ expectations of $385.06 million. During the same period last year, the company posted $0.10 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in shares of Wesco Aircraft in the 1st quarter worth about $104,000. Hsbc Holdings PLC bought a new position in shares of Wesco Aircraft in the 1st quarter worth about $105,000. MetLife Investment Advisors LLC increased its stake in shares of Wesco Aircraft by 82.2% in the 1st quarter. MetLife Investment Advisors LLC now owns 26,069 shares of the aerospace company’s stock worth $267,000 after acquiring an additional 11,761 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Wesco Aircraft by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 274,408 shares of the aerospace company’s stock worth $2,813,000 after acquiring an additional 12,876 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Wesco Aircraft in the 3rd quarter worth about $186,000. Institutional investors own 90.49% 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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