Media coverage about Wesco Aircraft (NYSE:WAIR) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wesco Aircraft earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 46.2539492372442 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Wesco Aircraft Announces Fiscal 2018 Second Quarter Earnings Release Date and Teleconference (finance.yahoo.com)
- Wesco Aircraft Holdings (WAIR) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Wesco Aircraft (WAIR) Stock Rating Upgraded by TheStreet (americanbankingnews.com)
- Wesco Aircraft (WAIR) Earns Hold Rating from Cowen (americanbankingnews.com)
Shares of WAIR stock opened at $10.90 on Friday. The company has a quick ratio of 1.06, a current ratio of 3.93 and a debt-to-equity ratio of 1.21. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $12.53. The firm has a market cap of $1,099.62, a PE ratio of 18.47, a P/E/G ratio of 1.32 and a beta of 0.12.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Wesco Aircraft had a positive return on equity of 7.42% and a negative net margin of 17.26%. The company had revenue of $363.10 million for the quarter, compared to the consensus estimate of $346.96 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that Wesco Aircraft will post 0.7 EPS for the current fiscal year.
Several equities research analysts have weighed in on the stock. TheStreet upgraded shares of Wesco Aircraft from a “d+” rating to a “c” rating in a report on Monday, April 16th. Citigroup increased their target price on shares of Wesco Aircraft from $7.30 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, April 10th. Zacks Investment Research upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Saturday, March 10th. Longbow Research initiated coverage on shares of Wesco Aircraft in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wesco Aircraft has an average rating of “Hold” and an average target price of $9.58.
In related news, major shareholder Makaira Partners Llc acquired 9,800 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $8.74 per share, with a total value of $85,652.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 893,610 shares of company stock valued at $7,881,718 in the last three months. 10.30% of the stock is owned by insiders.
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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