LMI Aerospace (LMIA) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.02. The company posted revenue of $87.30 million in the period, compared to analysts expectations of $90.00 million. The company’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on LMI Aerospace. Shares were Reiterated by Deutsche Bank on Mar 10, 2016 to “Hold” and Lowered the Price Target to $ 11 from a previous price target of $12 .
LMI Aerospace closed down -0.1 points or -1.16% at $8.51 with 16,467 shares getting traded on Friday. Post opening the session at $8.67, the shares hit an intraday low of $8.5 and an intraday high of $8.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jan 4, 2016, Ronald S Saks (director) sold 16,995 shares at $10.10 per share price. According to the SEC, on Aug 24, 2015, Daniel G. Korte (CEO & President) purchased 2,500 shares at $11.60 per share price. On Jun 3, 2015, Gregory L Summe (director) purchased 200,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.
LMI Aerospace Inc. is a supplier of structural assemblies kits and components and design engineering services to the aerospace and defense markets. The Company offers a range of manufacturing capabilities as well as engineering and services to the commercial corporate and regional and military aircraft markets. It also provides prototyping testing and design capabilities to customers in support of product development and in-service aircraft. In addition to aerospace products the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers electronic and electrical wire harnesses cable assemblies and mechanical sub-assemblies for the air and rail traffic control medical equipment telecommunications and heavy equipment industries. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment.