Revenue Update on B/E Aerospace Inc(NASDAQ:BEAV)

B/E Aerospace Inc(NASDAQ:BEAV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $753.10M. Analysts estimated a revenue of $714.04M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.82.

In a different note, On May 20, 2016, JP Morgan said it Downgrades its rating on B/E Aerospace Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Neutral’ by the firm.

B/E Aerospace Inc (BEAV) shares turned negative on Fridays trading session with the shares closing down -0.175 points or -0.36% at a volume of 9,30,306. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.06. The peak price level was also seen at $48.06 while the days lowest was $47.48. Finally the shares closed at $47.835. The 52-week high of the shares is $51.81 while the 52-week low is $36.38. According to the latest information available, the market cap of the company is $4,889 M.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Ryan M Patch (VP,General Counsel & Secretary) sold 950 shares at $47.58 per share price.Also, On May 12, 2016, Sean Cromie (Vice President & GM) sold 1,988 shares at $54.69 per share price.On Feb 23, 2016, Werner Lieberherr (President & CEO) sold 9,471 shares at $42.46 per share price, according to the Form-4 filing with the securities and exchange commission.

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 directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Company’s commercial aircraft (CAS) segment offers a range of seating products oxygen delivery systems coffee makers and water boilers ovens and refrigeration equipment modular lavatory wastewater and galley systems and also provides engineering design integration installation and certification services. The Company’s business jet segment offers a range of furnishings and interior packages for business jets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *