Heico Corp (NYSE:HEI) – Equities researchers at SunTrust Banks increased their FY2018 EPS estimates for shares of Heico in a research report issued on Monday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings of $2.77 per share for the year, up from their previous forecast of $2.40. SunTrust Banks currently has a “Buy” rating and a $116.00 target price on the stock. SunTrust Banks also issued estimates for Heico’s FY2019 earnings at $3.24 EPS.
A number of other brokerages also recently weighed in on HEI. Credit Suisse Group reaffirmed an “outperform” rating and set a $109.00 price target (up previously from $98.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “buy” rating and set 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 shares of Heico and gave the stock a “hold” rating in a report on Monday, December 18th. Jefferies Group raised shares of Heico from a “hold” rating to a “buy” rating in a report on Monday. Finally, Zacks Investment Research downgraded shares of Heico from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $99.78.
Shares of Heico (NYSE HEI) traded up $0.27 during trading on Wednesday, hitting $96.12. 124,964 shares of the stock were exchanged, compared to its average volume of 263,358. Heico has a 12 month low of $60.00 and a 12 month high of $101.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market cap of $7,290.00, a P/E ratio of 44.92, a PEG ratio of 3.75 and a beta of 0.73.
Heico (NYSE:HEI) last announced 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 net margin of 12.20% and a return on equity of 15.70%. The firm had revenue of $421.22 million for the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 15.9% compared to the same quarter last year.
A number of large investors have recently modified their holdings of HEI. Artisan Partners Limited Partnership lifted its stake in Heico by 54.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 283,149 shares of the aerospace company’s stock valued at $20,341,000 after purchasing an additional 100,315 shares during the last quarter. Fred Alger Management Inc. lifted its stake in Heico by 23.7% in the 2nd quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock valued at $27,370,000 after purchasing an additional 72,901 shares during the last quarter. Nicholas Investment Partners LP lifted its stake in Heico by 111.4% in the 2nd quarter. Nicholas Investment Partners LP now owns 78,821 shares of the aerospace company’s stock valued at $5,662,000 after purchasing an additional 41,530 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in Heico in the 3rd quarter valued at approximately $2,561,000. Finally, PNC Financial Services Group Inc. lifted its stake in Heico by 3.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 674,898 shares of the aerospace company’s stock valued at $48,483,000 after purchasing an additional 24,299 shares during the last quarter. 26.93% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.07 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, January 2nd. Heico’s dividend payout ratio (DPR) is presently 6.54%.
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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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