Somewhat Positive Press Coverage Somewhat Unlikely to Impact Wesco Aircraft (NYSE:WAIR) Stock Price

Media coverage about Wesco Aircraft (NYSE:WAIR) has trended somewhat positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wesco Aircraft earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.7220868276418 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Wesco Aircraft (WAIR) opened at $7.30 on Monday. Wesco Aircraft has a 1 year low of $6.05 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.19 and a current ratio of 3.87. The stock has a market capitalization of $725.87, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.84 and a beta of 0.67.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The company had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $363.20 million. During the same period in the previous year, the company earned $0.30 EPS. Wesco Aircraft’s quarterly revenue was down 1.1% on a year-over-year basis. equities research analysts forecast that Wesco Aircraft will post 0.66 EPS for the current year.

WAIR has been the subject of a number of research analyst reports. TheStreet cut Wesco Aircraft from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Cowen restated a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a report on Wednesday, November 29th. BidaskClub downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, SunTrust Banks restated a “buy” rating and issued a $12.00 price target on shares of Wesco Aircraft in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.30.

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About Wesco Aircraft

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.

Insider Buying and Selling by Quarter for Wesco Aircraft (NYSE:WAIR)

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