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

Innovative Solutions and Support (NASDAQ:ISSC) issued its quarterly earnings data on Thursday. The aerospace company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11), Zacks reports. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Innovative Solutions and Support Stock Performance

Shares of ISSC stock opened at $8.63 on Friday. The business’s fifty day simple moving average is $9.40 and its 200-day simple moving average is $7.83. The company has a market cap of $151.37 million, a PE ratio of 21.58 and a beta of 1.03. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $12.17.

Insider Transactions at Innovative Solutions and Support

In other news, major shareholder Christopher Harborne sold 10,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $10.16, for a total transaction of $101,600.00. Following the transaction, the insider now directly owns 2,599,769 shares of the company’s stock, valued at approximately $26,413,653.04. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

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