Wall Street analysts expect Heico Corp (NYSE:HEI) to report earnings of $0.54 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Heico’s earnings, with estimates ranging from $0.51 to $0.56. Heico reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is expected to announce its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Heico will report full year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.77. For the next fiscal year, analysts anticipate that the business will post earnings of $2.84 per share, with EPS estimates ranging from $2.40 to $3.24. Zacks’ EPS averages are an average based on a survey of research analysts that cover Heico.

Heico (NYSE:HEI) last issued its earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. Heico had a return on equity of 15.70% and a net margin of 12.20%. The business had revenue of $421.22 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.

A number of brokerages have recently issued reports on HEI. Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research upgraded Heico from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Wednesday, September 27th. Canaccord Genuity restated a “buy” rating and issued a $110.00 price target (up previously from $95.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $104.00 price target on Heico and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, SunTrust Banks restated a “buy” rating and issued a $116.00 price target on shares of Heico in a report on Thursday, December 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Heico has an average rating of “Buy” and an average price target of $99.78.

Shares of Heico (HEI) opened at $97.10 on Monday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.54. Heico has a fifty-two week low of $60.00 and a fifty-two week high of $101.40. The stock has a market capitalization of $7,310.00, a PE ratio of 45.37, a PEG ratio of 3.50 and a beta of 0.73.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be issued a $0.07 dividend. This represents a yield of 0.15%. The ex-dividend date is Tuesday, January 2nd. Heico’s dividend payout ratio is presently 6.54%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. boosted its holdings in Heico by 1.5% in the 2nd quarter. Suntrust Banks Inc. now owns 12,918 shares of the aerospace company’s stock worth $927,000 after acquiring an additional 194 shares during the period. D.A. Davidson & CO. boosted its holdings in Heico by 24.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 502 shares during the period. Virtu KCG Holdings LLC boosted its holdings in Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 639 shares during the period. 1st Global Advisors Inc. boosted its holdings in Heico by 24.8% in the 2nd quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 672 shares during the period. Finally, King Luther Capital Management Corp boosted 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. Hedge funds and other institutional investors own 26.97% of the company’s stock.

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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.

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Earnings History and Estimates for Heico (NYSE:HEI)

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