Innovative Solutions and Support (ISSC) Projected to Post Earnings on Thursday

Innovative Solutions and Support (NASDAQ:ISSC) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Innovative Solutions and Support to post earnings of $0.15 per share and revenue of $13.89 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Innovative Solutions and Support Stock Up 4.7 %

ISSC stock opened at $11.91 on Thursday. The company has a market cap of $208.89 million, a price-to-earnings ratio of 29.78 and a beta of 1.03. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17. The business has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $7.61. The company has a quick ratio of 3.02, a current ratio of 4.77 and a debt-to-equity ratio of 0.60.

Insider Activity

In other news, major shareholder Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the completion of the transaction, the insider now directly owns 2,501,169 shares in the company, valued at approximately $27,062,648.58. The trade was a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 248,653 shares of company stock valued at $2,738,163 in the last quarter. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Monday.

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.