B/E Aerospace Inc. (NASDAQ:BEAV) – Stock analysts at Jefferies Group lifted their FY2016 earnings per share (EPS) estimates for shares of B/E Aerospace in a research note issued on Tuesday. Jefferies Group analyst H. Rubel now anticipates that the brokerage will post earnings per share of $3.27 for the year, up from their prior forecast of $3.25. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for B/E Aerospace’s Q4 2016 earnings at $0.82 EPS.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm earned $753 million during the quarter, compared to analyst estimates of $714.04 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.
Several other equities analysts also recently commented on BEAV. Bank of America Corp. reiterated a “buy” rating and issued a $50.00 price objective on shares of B/E Aerospace in a report on Thursday, April 7th. Zacks Investment Research upgraded shares of B/E Aerospace from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, April 12th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $51.00 price objective (up from $48.00) on shares of B/E Aerospace in a report on Wednesday, April 27th. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of B/E Aerospace in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. downgraded shares of B/E Aerospace from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $54.00 to $50.00 in a report on Friday, May 20th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $53.60.
An institutional investor recently raised its position in B/E Aerospace stock. Sei Investments Co. boosted its position in shares of B/E Aerospace Inc. (NASDAQ:BEAV) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,382 shares of the company’s stock after buying an additional 11,932 shares during the period. Sei Investments Co. owned approximately 0.06% of B/E Aerospace worth $2,855,000 at the end of the most recent quarter.
In other B/E Aerospace news, VP Ryan M. Patch sold 950 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $47.57, for a total transaction of $45,191.50. Following the completion of the sale, the vice president now owns 33,018 shares of the company’s stock, valued at approximately $1,570,666.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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).
