Media stories about Heico Corporation (NYSE:HEI) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heico Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 45.5621102980682 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
HEI has been the topic of a number of research reports. Credit Suisse Group reissued an “outperform” rating and issued a $98.00 price objective (up from $85.00) on shares of Heico Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded Heico Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, August 29th. Bank of America Corporation upgraded Heico Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $75.00 to $95.00 in a research report on Tuesday, August 29th. Jefferies Group LLC restated a “hold” rating and issued a $89.00 target price (up previously from $75.00) on shares of Heico Corporation in a research report on Thursday, August 24th. Finally, Canaccord Genuity restated a “buy” rating and issued a $91.00 target price (up previously from $80.00) on shares of Heico Corporation in a research report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.67.
Shares of Heico Corporation (NYSE HEI) opened at 91.29 on Friday. The firm has a market capitalization of $7.71 billion, a P/E ratio of 44.71 and a beta of 0.74. Heico Corporation has a one year low of $53.08 and a one year high of $93.00. The company has a 50-day moving average price of $88.63 and a 200 day moving average price of $79.35.
Heico Corporation (NYSE:HEI) last announced its earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $391.50 million for the quarter, compared to analyst estimates of $390.55 million. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. Heico Corporation’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Analysts expect that Heico Corporation will post $2.10 earnings per share for the current fiscal year.
In other Heico Corporation news, Director Mark H. Hildebrandt purchased 1,316 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average cost of $76.13 per share, with a total value of $100,187.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the completion of the transaction, the vice president now directly owns 31,110 shares in the company, valued at $2,373,070.80. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by company insiders.
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Heico Corporation Company Profile
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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