News stories about Wesco Aircraft (NYSE:WAIR) have been trending positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wesco Aircraft earned a news impact score of 0.30 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.7881511675032 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have issued reports on WAIR. TheStreet raised shares of Wesco Aircraft from a “d+” rating to a “c” rating in a report on Monday, April 16th. ValuEngine raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Cowen reaffirmed a “hold” rating and issued a $8.00 price target on shares of Wesco Aircraft in a report on Monday, May 7th. Citigroup lifted their price target 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. Finally, Zacks Investment Research raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, March 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Wesco Aircraft currently has a consensus rating of “Hold” and a consensus target price of $9.75.
Get Wesco Aircraft alerts:
Shares of Wesco Aircraft stock opened at $11.55 on Wednesday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.27 and a beta of 0.12. Wesco Aircraft has a fifty-two week low of $6.05 and a fifty-two week high of $11.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.66 and a quick ratio of 1.02.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $390.18 million during the quarter, compared to the consensus estimate of $373.56 million. Wesco Aircraft had a negative net margin of 17.13% and a positive return on equity of 8.27%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. sell-side analysts predict that Wesco Aircraft will post 0.77 earnings per share for the current year.
About Wesco Aircraft
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.