Jefferies Group Weighs in on Heico Corp’s Q2 2018 Earnings (NYSE:HEI)

Heico Corp (NYSE:HEI) – Equities researchers at Jefferies Group issued their Q2 2018 earnings per share estimates for shares of Heico in a research note issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst S. Kahyaoglu forecasts that the aerospace company will post earnings of $0.60 per share for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Heico’s Q3 2018 earnings at $0.66 EPS, FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.80 EPS.

Heico (NYSE:HEI) last posted its quarterly 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. The business had revenue of $421.22 million during the quarter, compared to analysts’ expectations of $408.32 million. Heico had a net margin of 12.20% and a return on equity of 15.70%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share.

HEI has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. SunTrust Banks increased their price objective on shares of Heico to $96.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reiterated a “buy” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating and issued a $109.00 price objective (up previously from $98.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Stephens set a $104.00 price objective on shares of Heico and gave the stock a “hold” rating in a research note on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.78.

Shares of Heico (NYSE:HEI) opened at $97.10 on Thursday. The firm has a market cap of $8,117.81, a price-to-earnings ratio of 45.12, a PEG ratio of 3.47 and a beta of 0.73. Heico has a 52 week low of $60.00 and a 52 week high of $101.40. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a yield of 0.15%. Heico’s dividend payout ratio is presently 6.51%.

Hedge funds have recently added to or reduced their stakes in the stock. Nicholas Investment Partners LP grew its position in Heico by 111.4% during the second quarter. Nicholas Investment Partners LP now owns 78,821 shares of the aerospace company’s stock valued at $5,662,000 after buying an additional 41,530 shares during the period. AGF Investments Inc. grew its position in Heico by 25.0% during the second quarter. AGF Investments Inc. now owns 62,500 shares of the aerospace company’s stock valued at $4,492,000 after buying an additional 12,500 shares during the period. Fred Alger Management Inc. grew its position in Heico by 23.7% during the second quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock valued at $27,370,000 after buying an additional 72,901 shares during the period. Artemis Investment Management LLP acquired a new stake in Heico during the second quarter valued at $7,379,000. Finally, Moody Lynn & Lieberson LLC acquired a new stake in Heico during the third quarter valued at $2,561,000. Institutional investors own 26.93% 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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Earnings History and Estimates for Heico (NYSE:HEI)

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