Wall Street analysts expect Heico Corp (NYSE:HEI) to announce earnings of $0.51 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Heico’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.44. Heico reported earnings per share of $0.42 during the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The company is scheduled to report its next earnings report on Tuesday, May 22nd.
On average, analysts expect that Heico will report full year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.38. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.17 to $2.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Heico.
Heico (NYSE:HEI) last issued its earnings results on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The business had revenue of $404.41 million during the quarter, compared to analyst estimates of $394.23 million. Heico had a net margin of 13.26% and a return on equity of 14.80%.
A number of equities research analysts have weighed in on HEI shares. SunTrust Banks reaffirmed a “buy” rating and issued a $92.80 target price on shares of Heico in a report on Thursday, December 21st. Stephens set a $83.20 target price on Heico and gave the company a “hold” rating in a report on Monday, December 18th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $87.20 target price (up previously from $78.40) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity raised their target price on Heico from $88.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research downgraded Heico from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Heico has a consensus rating of “Buy” and an average target price of $85.96.
Shares of Heico (NYSE:HEI) traded up $0.39 during mid-day trading on Tuesday, hitting $87.61. The company’s stock had a trading volume of 315,076 shares, compared to its average volume of 296,299. The firm has a market cap of $9,260.73, a P/E ratio of 52.02, a PEG ratio of 3.97 and a beta of 0.70. Heico has a 52-week low of $53.43 and a 52-week high of $88.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.89.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. boosted its holdings in shares of Heico by 25.2% during the 4th quarter. Verity Asset Management Inc. now owns 3,441 shares of the aerospace company’s stock valued at $276,000 after acquiring an additional 693 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Heico by 5.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,970 shares of the aerospace company’s stock valued at $1,344,000 after acquiring an additional 737 shares in the last quarter. EFG Asset Management Americas Corp. boosted its holdings in shares of Heico by 21.3% during the 4th quarter. EFG Asset Management Americas Corp. now owns 6,794 shares of the aerospace company’s stock valued at $641,000 after acquiring an additional 1,192 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Heico during the 4th quarter valued at $118,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Heico during the 4th quarter valued at $129,000. 21.31% of the stock is currently owned by institutional investors.
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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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