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

Innovative Solutions and Support (NASDAQ:ISSC) released its earnings results on Thursday. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. The business had revenue of $15,970 billion for the quarter, compared to analysts’ expectations of $13.89 million. Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock traded down $1.96 during mid-day trading on Friday, reaching $8.63. 1,442,607 shares of the company’s stock traded hands, compared to its average volume of 267,534. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.02 and a current ratio of 4.77. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $12.17. The firm has a 50 day moving average price of $9.42 and a two-hundred day moving average price of $7.85. The firm has a market capitalization of $151.37 million, a PE ratio of 21.58 and a beta of 1.03.

Insider Activity at Innovative Solutions and Support

In other news, major shareholder Christopher Harborne sold 14,970 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $11.59, for a total value of $173,502.30. Following the sale, the insider now directly owns 2,296,645 shares in the company, valued at $26,618,115.55. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 263,623 shares of company stock worth $2,911,665. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Innovative Solutions and Support

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.