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

Innovative Solutions and Support (NASDAQ:ISSC) posted its quarterly earnings results on Thursday. The aerospace company reported $0.04 earnings per share 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 Stock Down 4.9 %

NASDAQ ISSC traded down $0.55 during trading on Thursday, reaching $10.59. 273,283 shares of the company’s stock traded hands, compared to its average volume of 249,980. The company’s 50 day simple moving average is $9.35 and its two-hundred day simple moving average is $7.81. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $12.17. The firm has a market cap of $185.75 million, a price-to-earnings ratio of 26.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02.

Insider Activity

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the completion of the sale, the insider now directly owns 2,501,169 shares of the company’s stock, valued at approximately $27,062,648.58. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 263,623 shares of company stock worth $2,911,665. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.