Revenue Update on LMI Aerospace(NASDAQ:LMIA)

LMI Aerospace(NASDAQ:LMIA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $85.183M. Analysts estimated a revenue of $88.400M. The revenues were -3.64% below the estimates. Earnings per share were $-0.26. The reported EPS was below estimates by -1,400%. Analysts had estimated an EPS of $0.02.

LMI Aerospace (LMIA) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.02 points. Due to strong positive momentum, the stock ended at $13.82, which is also near the day’s high of $13.82. The stock began the session at $13.79 and the volume stood at 99,179 shares. The 52-week high of the shares is $13.94 and the 52 week low is $7.01. The company has a current market capitalization of $188 M and it has 1,36,21,267 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Ronald S Saks (director) sold 11,475 shares at $8.47 per share price.Also, On Aug 24, 2015, Daniel G. Korte (CEO & President) purchased 2,500 shares at $11.60 per share price.On Jun 3, 2015, Gregory L Summe (director) purchased 200,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.

LMI Aerospace Inc. is a supplier of structural assemblies kits and components and design engineering services to the aerospace and defense markets. The Company offers a range of manufacturing capabilities as well as engineering and services to the commercial corporate and regional and military aircraft markets. It also provides prototyping testing and design capabilities to customers in support of product development and in-service aircraft. In addition to aerospace products the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers electronic and electrical wire harnesses cable assemblies and mechanical sub-assemblies for the air and rail traffic control medical equipment telecommunications and heavy equipment industries. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment.

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