Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of B/E Aerospace from a buy rating to a hold rating in a research note on Wednesday, July 13th. Jefferies Group restated a hold rating on shares of B/E Aerospace in a research note on Monday, August 1st. Finally, Morgan Stanley assumed coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They issued an equal weight rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $52.80.
B/E Aerospace (NASDAQ:BEAV) opened at 51.80 on Wednesday. B/E Aerospace has a 52 week low of $36.38 and a 52 week high of $52.87. The company has a market capitalization of $5.26 billion, a P/E ratio of 17.91 and a beta of 1.03. The firm has a 50 day moving average of $50.01 and a 200-day moving average of $48.02.
B/E Aerospace (NASDAQ:BEAV) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The firm had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that B/E Aerospace will post $3.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.62%. B/E Aerospace’s payout ratio is 28.97%.
Large investors have recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in B/E Aerospace by 10.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,734 shares of the company’s stock worth $1,556,000 after buying an additional 3,213 shares during the period. Aperio Group LLC boosted its position in B/E Aerospace by 24.4% in the first quarter. Aperio Group LLC now owns 35,771 shares of the company’s stock worth $1,650,000 after buying an additional 7,017 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in B/E Aerospace by 15.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 44,720 shares of the company’s stock worth $2,062,000 after buying an additional 6,100 shares during the period. Icon Advisers Inc. Co. bought a new position in B/E Aerospace during the first quarter worth approximately $2,813,000. Finally, Morris Capital Advisors LLC bought a new position in B/E Aerospace during the first quarter worth approximately $301,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.
About B/E Aerospace
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).
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