Brokerages expect Heico Corp (NYSE:HEI) to report $407.66 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Heico’s earnings. The highest sales estimate is $424.78 million and the lowest is $396.00 million. Heico posted sales of $363.30 million in the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The firm is expected to announce its next earnings results after the market closes on Monday, December 18th.
According to Zacks, analysts expect that Heico will report full year sales of $407.66 million for the current year, with estimates ranging from $1.50 billion to $1.53 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.67 billion per share, with estimates ranging from $1.64 billion to $1.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Heico.
Several equities research analysts have weighed in on the company. Canaccord Genuity upped their target price on Heico from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks upped their target price on Heico to $96.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Deutsche Bank cut Heico from a “buy” rating to a “hold” rating and upped their target price for the stock from $80.00 to $86.00 in a research note on Wednesday, August 16th. Finally, Seaport Global Securities assumed coverage on Heico in a research note on Tuesday, September 12th. They set a “neutral” rating and a $90.00 target price for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heico presently has a consensus rating of “Buy” and a consensus price target of $92.78.
Heico (HEI) traded up $0.12 during midday trading on Thursday, reaching $91.25. The company’s stock had a trading volume of 366,100 shares, compared to its average volume of 186,706. The company has a quick ratio of 1.39, a current ratio of 2.89 and a debt-to-equity ratio of 0.36. Heico has a 12-month low of $59.94 and a 12-month high of $93.00. The company has a market capitalization of $7,696.38, a PE ratio of 44.94, a PEG ratio of 4.13 and a beta of 0.73.
In related news, Director Mark H. Hildebrandt purchased 1,316 shares of the stock in a transaction dated Thursday, October 5th. The stock was bought at an average cost of $76.13 per share, for a total transaction of $100,187.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas S. Irwin sold 20,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the transaction, the vice president now owns 31,110 shares of the company’s stock, valued at $2,373,070.80. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Ironwood Investment Counsel LLC acquired a new position in shares of Heico during the third quarter worth $201,000. RKL Wealth Management LLC acquired a new position in shares of Heico during the third quarter worth $201,000. D.A. Davidson & CO. increased its holdings in shares of Heico by 24.7% during the second quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after buying an additional 502 shares in the last quarter. Comerica Bank acquired a new stake in Heico in the second quarter valued at $209,000. Finally, PEAK6 Investments L.P. acquired a new stake in Heico in the third quarter valued at $289,000. Institutional investors own 26.98% of the company’s stock.
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Heico 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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