Q3 2019 EPS Estimates for Wesco Aircraft Holdings Inc Reduced by SunTrust Banks (WAIR)

Wesco Aircraft Holdings Inc (NYSE:WAIR) – Stock analysts at SunTrust Banks decreased their Q3 2019 EPS estimates for shares of Wesco Aircraft in a note issued to investors on Thursday, January 31st. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $0.20 per share for the quarter, down from their prior forecast of $0.22. SunTrust Banks also issued estimates for Wesco Aircraft’s Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.28 EPS and Q4 2020 earnings at $0.32 EPS.

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Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Thursday, January 31st. The aerospace company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $395.31 million during the quarter, compared to the consensus estimate of $385.37 million. Wesco Aircraft had a net margin of 2.45% and a return on equity of 11.30%.

NYSE:WAIR opened at $7.92 on Monday. The company has a quick ratio of 1.15, a current ratio of 4.08 and a debt-to-equity ratio of 1.12. The stock has a market cap of $786.51 million, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60. Wesco Aircraft has a one year low of $6.15 and a one year high of $14.23.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Wesco Aircraft by 5.4% during the third quarter. BlackRock Inc. now owns 7,449,396 shares of the aerospace company’s stock worth $83,805,000 after purchasing an additional 380,154 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Wesco Aircraft by 2.7% during the fourth quarter. Frontier Capital Management Co. LLC now owns 6,448,204 shares of the aerospace company’s stock worth $50,941,000 after purchasing an additional 168,869 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wesco Aircraft by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,825,490 shares of the aerospace company’s stock worth $65,536,000 after purchasing an additional 137,073 shares during the last quarter. Vanguard Group Inc boosted its holdings in Wesco Aircraft by 2.0% during the third quarter. Vanguard Group Inc now owns 4,911,855 shares of the aerospace company’s stock worth $55,259,000 after purchasing an additional 97,585 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Wesco Aircraft by 2.0% during the third quarter. Vanguard Group Inc. now owns 4,911,855 shares of the aerospace company’s stock worth $55,259,000 after purchasing an additional 97,585 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wesco Aircraft Company Profile

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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