Innovative Solutions and Support (NASDAQ:ISSC) Issues Earnings Results, Misses Estimates By $0.11 EPS

Innovative Solutions and Support (NASDAQ:ISSC) posted its earnings results on Thursday. The aerospace company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock traded down $0.55 during trading hours on Thursday, hitting $10.59. 280,495 shares of the company traded hands, compared to its average volume of 251,139. The firm’s 50-day simple moving average is $9.35 and its two-hundred day simple moving average is $7.81. The firm has a market cap of $185.75 million, a P/E ratio of 26.48 and a beta of 1.03. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $12.17. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Insider Transactions at Innovative Solutions and Support

In other news, major shareholder Christopher Harborne sold 98,600 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now owns 2,501,169 shares of the company’s stock, valued at approximately $27,062,648.58. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 263,623 shares of company stock valued at $2,911,665. Company insiders own 3.70% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.