The end of Wesco Aircraft Holdings Inc. (NYSE:WAIR)’s run?


Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world’s leading provider of comprehensive supply chain management services to the global aerospace industry, today announced results for its fiscal 2017 second quarter ended March 31, 2017.

Wesco Aircraft Holdings Inc. (NYSE:WAIR)’s sales grew -0.03%% in the most recent quarter to mrq 364.6M%, yielding EPS of $0.18.

The company generated $(28.09M) in net cash from operations in the latest quarter. The net change in cash balance from the prior period was $(25.87M).

Let?s look into the charts of the stock

The Barchart Technical Opinion rating is a 96% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

With that, Wesco Aircraft Holdings Inc. reported $- in total assets at the end of the quarter. It also posed debt of -%, which was down/up falling from the previous period.

In the current quarter, analysts are looking for EPS of $0.34 from Wesco Aircraft Holdings Inc.. That compares with EPS of $0.18 in the last quarter.

Still on the matter of earnings, the company posted EPS of $0.85 in the last financial year, and EPS for the current year is expected to grow 158.30% over the prior year. Over the next five years, EPS is expected to grow 1.43%.

EPS metric is influenced by profits a company generates in a given period and the number of outstanding shares in it has in that period. For the last quarter where EPS was EPS $0.18, shares outstanding were -. In that quarter, Wesco Aircraft Holdings Inc. incurred $- in cost of sales, leaving it with gross profit of $- from the sales of 364.6M% it generated in the quarter.

Who owns Wesco Aircraft Holdings Inc.? first, of the company’s outstanding shares, 87.67M are free float. The company?s shares sold short are 3.31%, implying a short ratio of 4.61.

As for the ownership, insiders own 0.60% of the company, with that ownership partly being a result of -46.27% insider transactions in the last couple of months. Institutional investor ownership in the stock is 89.60%, stemming from -0.05% institutional transactions in the recent months.

On Wall Street, analysts on the average have a recommendation of Underweight on the stock of Wesco Aircraft Holdings Inc..