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

Innovative Solutions and Support (NASDAQ:ISSC) announced its quarterly earnings data 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. The company had revenue of $15.97 million 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 Down 18.5 %

NASDAQ:ISSC traded down $1.96 during trading hours on Friday, hitting $8.63. The stock had a trading volume of 1,442,607 shares, compared to its average volume of 267,534. 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. The business has a 50 day simple moving average of $9.42 and a two-hundred day simple moving average of $7.85. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $12.17.

Analyst Ratings Changes

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.

Insider Activity

In related news, major shareholder Christopher Harborne sold 14,970 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $11.59, for a total transaction of $173,502.30. Following the transaction, the insider now directly owns 2,296,645 shares in the company, valued at $26,618,115.55. This trade represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 263,623 shares of company stock worth $2,911,665. 3.70% of the stock is currently owned by insiders.

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.