Analysts forecast that Heico Corp (NYSE:HEI) will report earnings of $0.49 per share for the current quarter, Zacks reports. Four analysts have made estimates for Heico’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.50. Heico reported earnings per share of $0.40 in the same quarter last year, which indicates a positive year-over-year growth rate of 22.5%. The firm is scheduled to announce its next earnings report on Monday, December 17th.
On average, analysts expect that Heico will report full-year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.91. For the next financial year, analysts forecast that the firm will post earnings of $2.00 per share, with EPS estimates ranging from $1.76 to $2.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Heico.
Heico (NYSE:HEI) last announced its earnings results on Monday, August 27th. The aerospace company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The company had revenue of $465.83 million during the quarter, compared to analyst estimates of $440.68 million. Heico had a net margin of 14.26% and a return on equity of 16.15%. Heico’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share.
Several research firms have recently commented on HEI. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Jefferies Financial Group raised their price objective on shares of Heico to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Canaccord Genuity raised their price objective on shares of Heico from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. UBS Group began coverage on shares of Heico in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $83.00 price objective for the company. Finally, ValuEngine lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Heico presently has an average rating of “Buy” and an average target price of $88.60.
In other Heico news, insider Victor H. Mendelson bought 1,311 shares of the business’s stock in a transaction dated Tuesday, October 9th. The shares were acquired at an average cost of $88.21 per share, with a total value of $115,643.31. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Schriesheim sold 4,000 shares of Heico stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $76.44, for a total transaction of $305,760.00. Following the completion of the transaction, the director now directly owns 28,700 shares in the company, valued at $2,193,828. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,456 shares of company stock worth $511,093. 9.88% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Gradient Investments LLC acquired a new position in shares of Heico in the 3rd quarter valued at $116,000. Financial Architects Inc acquired a new position in shares of Heico in the 2nd quarter valued at $123,000. TRUE Private Wealth Advisors purchased a new position in Heico in the 3rd quarter valued at $151,000. Winslow Evans & Crocker Inc. purchased a new position in Heico in the 2nd quarter valued at $164,000. Finally, NewSquare Capital LLC purchased a new position in Heico in the 2nd quarter valued at $184,000. 26.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of HEI stock opened at $87.98 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.86 and a debt-to-equity ratio of 0.44. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 65.17, a P/E/G ratio of 3.64 and a beta of 0.89. Heico has a 1-year low of $55.43 and a 1-year high of $94.12.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.
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