Heico Corp (NYSE:HEI) declared a semiannual dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Wednesday, January 3rd will be paid a dividend of 0.07 per share by the aerospace company on Wednesday, January 17th. This represents a yield of 0.15%. The ex-dividend date of this dividend is Tuesday, January 2nd.
Heico has increased its dividend payment by an average of 16.3% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Heico has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Heico to earn $2.62 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 4.2%.
Heico (NYSE HEI) opened at $96.12 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 2.53. Heico has a 52 week low of $60.00 and a 52 week high of $101.40. The stock has a market cap of $7,290.00, a P/E ratio of 44.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.73.
Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $421.22 million for the quarter, compared to analyst estimates of $408.32 million. Heico had a net margin of 12.20% and a return on equity of 15.70%. Heico’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. equities research analysts expect that Heico will post 2.41 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on HEI. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Jefferies Group upgraded shares of Heico from a “hold” rating to a “buy” rating in a research note on Monday. SunTrust Banks raised their price target on shares of Heico to $96.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, Canaccord Genuity restated a “buy” rating and set a $110.00 price target (up previously from $95.00) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $99.78.
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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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