Wall Street analysts predict that Heico Corp (NYSE:HEI) will report $394.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heico’s earnings, with the highest sales estimate coming in at $407.20 million and the lowest estimate coming in at $381.40 million. Heico reported sales of $343.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.8%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Heico will report full-year sales of $394.23 million for the current fiscal year, with estimates ranging from $1.69 billion to $1.73 billion. For the next year, analysts forecast that the company will report sales of $1.85 billion per share, with estimates ranging from $1.82 billion to $1.89 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Heico.
Heico (NYSE:HEI) last announced its earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS.
HEI has been the topic of several recent analyst reports. Zacks Investment Research downgraded Heico from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks reaffirmed a “buy” rating and set a $92.80 target price on shares of Heico in a research note on Thursday, December 21st. Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Canaccord Genuity lifted their price target on Heico from $73.60 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, Stephens set a $83.20 price target on Heico and gave the company a “hold” rating in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.00.
Shares of Heico (HEI) opened at $80.64 on Tuesday. 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 firm has a market capitalization of $8,518.00, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78. Heico has a 12 month low of $50.94 and a 12 month high of $85.47.
Several hedge funds have recently modified their holdings of the company. BB&T Securities LLC acquired a new position in shares of Heico during the 4th quarter valued at $205,000. Captrust Financial Advisors acquired a new position in shares of Heico during the 4th quarter valued at $129,000. Hanseatic Management Services Inc. acquired a new position in shares of Heico during the 4th quarter valued at $641,000. Paloma Partners Management Co increased its position in shares of Heico by 12.7% during the 4th quarter. Paloma Partners Management Co now owns 24,495 shares of the aerospace company’s stock valued at $2,311,000 after purchasing an additional 2,753 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of Heico by 508.8% in the 4th quarter. Two Sigma Investments LP now owns 194,915 shares of the aerospace company’s stock worth $18,390,000 after acquiring an additional 162,901 shares during the last quarter. Institutional investors own 20.16% 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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