Heico Corporation (NYSE:HEI) – Equities research analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for Heico in a note issued to investors on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $2.50 per share for the year, up from their previous forecast of $2.37. SunTrust Banks currently has a “Buy” rating and a $96.00 price target on the stock. SunTrust Banks also issued estimates for Heico’s FY2019 earnings at $2.76 EPS.

Several other brokerages have also commented on HEI. Canaccord Genuity increased their price objective on Heico from $92.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Deutsche Bank lowered Heico from a “buy” rating to a “hold” rating and increased their price objective for the company from $80.00 to $86.00 in a report on Wednesday, August 16th. Finally, Seaport Global Securities assumed coverage on Heico in a report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.89.

Shares of Heico (HEI) traded up $0.06 on Tuesday, hitting $88.85. The stock had a trading volume of 339,230 shares, compared to its average volume of 184,265. Heico has a 12-month low of $59.94 and a 12-month high of $93.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89. The stock has a market cap of $7,494.54, a price-to-earnings ratio of 43.76, a PEG ratio of 4.06 and a beta of 0.73.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new position in shares of Heico during the 3rd quarter valued at about $871,000. PEAK6 Investments L.P. purchased a new position in shares of Heico during the 3rd quarter valued at about $289,000. King Luther Capital Management Corp raised its stake in shares of Heico by 5.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,970 shares of the aerospace company’s stock valued at $1,344,000 after buying an additional 737 shares during the last quarter. Invictus RG purchased a new position in shares of Heico during the 3rd quarter valued at about $763,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Heico during the 3rd quarter valued at about $763,000. Institutional investors and hedge funds own 26.97% of the company’s stock.

In other news, Director Mark H. Hildebrandt bought 1,316 shares of Heico stock in a transaction that occurred on Thursday, October 5th. The stock was bought at an average price of $76.13 per share, for a total transaction of $100,187.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the completion of the transaction, the vice president now owns 31,110 shares of the company’s stock, valued at approximately $2,373,070.80. The disclosure for this sale can be found here. Company insiders own 9.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/05/equities-analysts-offer-predictions-for-heico-corporations-fy2018-earnings-hei.html.

About Heico

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

Earnings History and Estimates for Heico (NYSE:HEI)

Receive News & Ratings for Heico Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corporation and related companies with MarketBeat.com's FREE daily email newsletter.