Media stories about Wesco Aircraft Holdings (NYSE:WAIR) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. 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 Holdings earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 46.0582724975509 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to Wesco Aircraft Holdings, Inc. : October 9, 2017 (finance.yahoo.com)
- Brokerages Expect Wesco Aircraft Holdings, Inc. (WAIR) to Announce $0.19 EPS (americanbankingnews.com)
- Wesco Aircraft Holdings, Inc. (WAIR) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- $396.42 Million in Sales Expected for Wesco Aircraft Holdings, Inc. (WAIR) This Quarter (americanbankingnews.com)
WAIR has been the subject of several analyst reports. BidaskClub raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research raised Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC set a $9.00 price objective on Wesco Aircraft Holdings and gave the company a “hold” rating in a report on Friday, June 16th. Finally, TheStreet cut Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.50.
Wesco Aircraft Holdings (WAIR) opened at 9.15 on Thursday. The firm has a 50-day moving average price of $8.90 and a 200 day moving average price of $9.88. Wesco Aircraft Holdings has a one year low of $6.95 and a one year high of $15.77. The firm’s market capitalization is $911.15 million.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.12). The company had revenue of $363.90 million for the quarter, compared to analysts’ expectations of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Analysts anticipate that Wesco Aircraft Holdings will post $0.70 EPS for the current fiscal year.
In related news, major shareholder Makaira Partners Llc bought 20,100 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average price of $8.48 per share, for a total transaction of $170,448.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Weller acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was acquired at an average price of $8.05 per share, for a total transaction of $64,400.00. Following the transaction, the insider now directly owns 42,901 shares of the company’s stock, valued at approximately $345,353.05. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,068,719 shares of company stock worth $8,385,130. Company insiders own 10.30% of the company’s stock.
About Wesco Aircraft Holdings
Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.
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