Wesco Aircraft (NYSE:WAIR) announced its earnings results on Friday. The aerospace company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23, Bloomberg Earnings reports. The company had revenue of $442.37 million during the quarter, compared to the consensus estimate of $435.60 million. Wesco Aircraft had a net margin of 2.22% and a return on equity of 11.22%. Wesco Aircraft’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share.
Shares of NYSE:WAIR traded up $0.76 on Friday, hitting $11.08. 8,968,459 shares of the company were exchanged, compared to its average volume of 358,349. Wesco Aircraft has a 1-year low of $7.38 and a 1-year high of $14.23. The stock has a 50 day moving average price of $10.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.97 and a quick ratio of 1.17. The stock has a market cap of $985.47 million, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.96 and a beta of 0.44.
Several brokerages have weighed in on WAIR. Zacks Investment Research downgraded shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Sunday, July 14th. Cowen reiterated a “hold” rating and set a $11.50 price objective on shares of Wesco Aircraft in a research note on Friday. Finally, ValuEngine upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating in a research note on Saturday.
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.
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