B/E Aerospace, Inc. (NASDAQ:BEAV) announced its quarterly earnings results on Friday. The company reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $730.40 million for the quarter, compared to analyst estimates of $696.28 million. B/E Aerospace had a return on equity of 291.22% and a net margin of 11.68%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS.
B/E Aerospace (NASDAQ:BEAV) opened at 61.80 on Monday. The firm has a 50-day moving average price of $61.24 and a 200 day moving average price of $55.48. B/E Aerospace has a one year low of $40.21 and a one year high of $62.04. The firm has a market capitalization of $6.20 billion, a P/E ratio of 20.06 and a beta of 0.86.
Several brokerages have recently commented on BEAV. Vertical Research began coverage on B/E Aerospace in a research note on Friday, October 28th. They set a “hold” rating on the stock. Canaccord Genuity lowered B/E Aerospace from a “buy” rating to a “hold” rating and boosted their price target for the stock from $60.00 to $62.00 in a research note on Tuesday, October 25th. Zacks Investment Research lowered B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, December 5th. Credit Suisse Group lowered B/E Aerospace from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 25th. Finally, Robert W. Baird reissued a “neutral” rating and set a $61.00 price target on shares of B/E Aerospace in a research note on Friday, January 20th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.50.
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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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