Equities analysts predict that Wesco Aircraft Holdings, Inc. (NYSE:WAIR) will report sales of $396.42 million for the current quarter, according to Zacks. Two analysts have provided estimates for Wesco Aircraft Holdings’ earnings. The highest sales estimate is $422.00 million and the lowest is $370.83 million. Wesco Aircraft Holdings reported sales of $365.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The firm is scheduled to issue its next earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Wesco Aircraft Holdings will report full year sales of $396.42 million for the current year, with estimates ranging from $1.43 billion to $1.49 billion. For the next financial year, analysts expect that the business will report sales of $1.49 billion per share, with estimates ranging from $1.46 billion to $1.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Wesco Aircraft Holdings.
Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.12). Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. The company had revenue of $363.90 million for the quarter, compared to analysts’ expectations of $379.32 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.
WAIR has been the topic of a number of research analyst reports. ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. BidaskClub raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $12.00 price target on shares of Wesco Aircraft Holdings in a research note on Monday, October 2nd. TheStreet lowered Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research note on Tuesday, August 8th. Finally, Cowen and Company reissued a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.50.
Wesco Aircraft Holdings (NYSE:WAIR) traded up 0.52% on Friday, hitting $9.75. 618,902 shares of the stock traded hands. The company’s market capitalization is $970.90 million. Wesco Aircraft Holdings has a 12 month low of $6.95 and a 12 month high of $15.77. The firm has a 50-day moving average price of $8.80 and a 200-day moving average price of $9.94.
In related news, major shareholder Makaira Partners Llc bought 123,067 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $7.81 per share, for a total transaction of $961,153.27. Following the acquisition, the insider now owns 9,941,177 shares in the company, valued at approximately $77,640,592.37. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Weller bought 4,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $8.00 per share, for a total transaction of $38,904.00. Following the completion of the acquisition, the chief financial officer now owns 42,901 shares in the company, valued at approximately $343,208. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,068,719 shares of company stock worth $8,385,130. Company insiders own 10.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Kennedy Capital Management Inc. purchased a new stake in shares of Wesco Aircraft Holdings during the 2nd quarter valued at about $2,363,000. Citadel Advisors LLC acquired a new stake in Wesco Aircraft Holdings during the 1st quarter valued at approximately $3,721,000. Oppenheimer Asset Management Inc. grew its stake in Wesco Aircraft Holdings by 158.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 139,243 shares of the aerospace company’s stock valued at $1,511,000 after purchasing an additional 85,461 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Wesco Aircraft Holdings by 316.9% during the 1st quarter. Chartwell Investment Partners LLC now owns 224,081 shares of the aerospace company’s stock valued at $2,555,000 after purchasing an additional 170,338 shares in the last quarter. Finally, Menta Capital LLC acquired a new stake in Wesco Aircraft Holdings during the 1st quarter valued at approximately $1,256,000. Institutional investors and hedge funds own 93.73% of the company’s stock.
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Wesco Aircraft Holdings 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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