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B/E Aerospace (BEAV) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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B/E Aerospace logoB/E Aerospace (NASDAQ:BEAV) posted its quarterly earnings results on Tuesday. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.04, Analyst Ratings Network reports. The company had revenue of $850.50 million for the quarter, compared to the consensus estimate of $842.86 million. During the same quarter last year, the company posted $0.72 earnings per share. B/E Aerospace’s revenue was down 15.3% compared to the same quarter last year. B/E Aerospace updated its FY13 guidance to $3.50 EPS.

BEAV has been the subject of a number of recent research reports. Analysts at DA Davidson reiterated a “buy” rating on shares of B/E Aerospace in a research note to investors on Wednesday. They now have a $88.00 price target on the stock, up previously from $75.00. On a related note, analysts at RBC Capital raised their price target on shares of B/E Aerospace from $76.00 to $83.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of B/E Aerospace from $65.00 to $80.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock.

Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. B/E Aerospace presently has an average rating of “Buy” and a consensus target price of $72.08.

Shares of B/E Aerospace (NASDAQ: BEAV) traded up 1.00% during mid-day trading on Wednesday, hitting $70.48. B/E Aerospace has a one year low of $36.51 and a one year high of $72.48. The stock’s 50-day moving average is currently $65.07. The company has a market cap of $7.382 billion and a P/E ratio of 28.23.

B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables.


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