What is KeyCorp’s Forecast for Heico FY2027 Earnings?

Heico Corporation (NYSE:HEI) – Stock analysts at KeyCorp issued their FY2027 earnings estimates for shares of Heico in a research note issued on Tuesday, January 13th. KeyCorp analyst M. Leshock expects that the aerospace company will earn $6.00 per share for the year. The consensus estimate for Heico’s current full-year earnings is $4.20 per share.

A number of other analysts have also issued reports on HEI. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. BNP Paribas Exane began coverage on shares of Heico in a research report on Tuesday, November 18th. They set a “neutral” rating and a $330.00 price target for the company. Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the company a “buy” rating in a report on Monday, December 22nd. Citigroup reissued a “buy” rating and set a $415.00 price objective (up from $367.00) on shares of Heico in a research note on Tuesday. Finally, Truist Financial increased their target price on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $360.50.

Heico Price Performance

Shares of NYSE:HEI opened at $352.57 on Friday. The company has a market cap of $49.13 billion, a P/E ratio of 71.81, a P/E/G ratio of 3.89 and a beta of 1.03. The business has a fifty day simple moving average of $324.62 and a 200-day simple moving average of $319.84. Heico has a 52 week low of $216.68 and a 52 week high of $361.69. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49.

Heico (NYSE:HEI) last issued its quarterly earnings results on Thursday, December 18th. The aerospace company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. Heico had a net margin of 15.39% and a return on equity of 16.80%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year.

Institutional Trading of Heico

A number of institutional investors and hedge funds have recently made changes to their positions in HEI. Inspire Investing LLC acquired a new position in shares of Heico in the 2nd quarter valued at $910,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Heico during the 2nd quarter valued at $1,086,000. Vinva Investment Management Ltd boosted its stake in shares of Heico by 849.8% during the 2nd quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after buying an additional 12,815 shares during the period. CPC Advisors LLC purchased a new position in shares of Heico during the 3rd quarter valued at $2,318,000. Finally, Lombard Odier Asset Management USA Corp increased its stake in shares of Heico by 54.8% in the second quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock worth $3,011,000 after acquiring an additional 3,249 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Heico news, Director Mark H. Hildebrandt bought 400 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were purchased at an average price of $248.76 per share, with a total value of $99,504.00. Following the completion of the acquisition, the director directly owned 1,181 shares of the company’s stock, valued at approximately $293,785.56. The trade was a 51.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.55% of the stock is currently owned by company insiders.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, January 5th will be given a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, January 5th. Heico’s dividend payout ratio is currently 4.89%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.