Wesco Aircraft (NYSE:WAIR) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Wesco Aircraft (NYSE:WAIR) issued its quarterly earnings data on Monday. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.12), Fidelity Earnings reports. Wesco Aircraft had a return on equity of 11.41% and a net margin of 2.38%.

Shares of WAIR stock opened at $10.97 on Tuesday. The stock has a fifty day moving average price of $11.00 and a 200 day moving average price of $10.74. The stock has a market cap of $1.09 billion, a PE ratio of 14.63, a P/E/G ratio of 0.97 and a beta of 0.42. Wesco Aircraft has a 1 year low of $7.38 and a 1 year high of $11.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.20 and a current ratio of 3.84.

WAIR has been the subject of several research reports. Zacks Investment Research cut Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Cowen reaffirmed a “hold” rating and set a $11.50 price objective on shares of Wesco Aircraft in a report on Friday, August 9th. ValuEngine cut Wesco Aircraft from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, UBS Group raised Wesco Aircraft from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $9.75 to $11.05 in a report on Monday, August 12th.

About Wesco Aircraft

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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Earnings History for Wesco Aircraft (NYSE:WAIR)

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