B/E Aerospace Inc (BEAV) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.82. The company posted revenue of $753.10 million in the period, compared to analysts expectations of $713.38 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on B/E Aerospace Inc. B/E Aerospace Inc was Downgraded by JP Morgan to ” Neutral” on May 20, 2016.
B/E Aerospace Inc opened for trading at $45.96 and hit $46.63 on the upside on Wednesday, eventually ending the session at $46.34, with a gain of 1.20% or 0.55 points. The heightened volatility saw the trading volume jump to 8,73,048 shares. Company has a market cap of $4,736 M.
In a different news, on May 27, 2016, Ryan M Patch (VP,General Counsel & Secretary) sold 950 shares at $47.58 per share price. According to the SEC, 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 Companys 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 Companys business jet segment offers a range of furnishings and interior packages for business jets.