Wesco Aircraft Holdings Inc. (NYSE:WAIR) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.15-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.18.

A number of analysts recently commented on WAIR shares. Jefferies Group lowered their target price on shares of Wesco Aircraft Holdings from $12.00 to $11.00 and set an underperform rating for the company in a research note on Friday, August 5th. Zacks Investment Research cut shares of Wesco Aircraft Holdings from a hold rating to a sell rating in a research note on Thursday, October 6th. KeyCorp reiterated a hold rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, September 28th. Finally, Rosenblatt Securities upgraded shares of Wesco Aircraft Holdings from a neutral rating to a buy rating and set a $17.00 target price for the company in a research note on Friday, October 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $13.58.

Shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) opened at 14.45 on Friday. The firm’s market capitalization is $1.42 billion. Wesco Aircraft Holdings Inc. has a 52 week low of $9.91 and a 52 week high of $15.07. The firm’s 50-day moving average is $13.22 and its 200 day moving average is $13.62.

Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Thursday, November 17th. The company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Wesco Aircraft Holdings had a negative net margin of 9.85% and a positive return on equity of 12.72%. The firm had revenue of $365.60 million for the quarter, compared to analyst estimates of $391.39 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that Wesco Aircraft Holdings Inc. will post $1.12 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Wesco Aircraft Holdings during the third quarter valued at approximately $119,000. Principal Financial Group Inc. raised its position in shares of Wesco Aircraft Holdings by 8.0% in the second quarter. Principal Financial Group Inc. now owns 13,836 shares of the company’s stock valued at $186,000 after buying an additional 1,023 shares in the last quarter. BlackRock Inc. raised its position in shares of Wesco Aircraft Holdings by 254.6% in the second quarter. BlackRock Inc. now owns 14,860 shares of the company’s stock valued at $199,000 after buying an additional 10,669 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Wesco Aircraft Holdings during the second quarter valued at approximately $211,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Wesco Aircraft Holdings during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

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’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.

5 Day Chart for NYSE:WAIR

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