Equities analysts expect Heico Corp (NYSE:HEI) to announce $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Heico’s earnings, with estimates ranging from $0.48 to $0.50. Heico reported earnings of $0.40 per share in the same quarter last year, which would indicate a positive year over year growth rate of 22.5%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, December 17th.
On average, analysts expect that Heico will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.91. For the next year, analysts forecast that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.76 to $2.17. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Heico.
A number of analysts have issued reports on the stock. Zacks Investment Research reissued a “hold” rating on shares of Heico in a report on Tuesday, November 13th. ValuEngine raised shares of Heico from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. SunTrust Banks boosted their price objective on shares of Heico from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. UBS Group boosted their price objective on shares of Heico from $83.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. Finally, Canaccord Genuity boosted their price objective on shares of Heico from $84.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Heico has a consensus rating of “Buy” and an average price target of $88.60.
NYSE HEI traded down $1.00 during trading on Monday, reaching $81.11. The company’s stock had a trading volume of 560,122 shares, compared to its average volume of 299,686. The company has a quick ratio of 1.32, a current ratio of 2.86 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $10.91 billion, a P/E ratio of 60.08, a P/E/G ratio of 3.39 and a beta of 0.88. Heico has a 12 month low of $57.29 and a 12 month high of $94.12.
In other news, Director Thomas M. Culligan purchased 1,312 shares of the business’s stock in a transaction dated Tuesday, October 9th. The stock was bought at an average price of $88.21 per share, with a total value of $115,731.52. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan Schriesheim sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $76.44, for a total transaction of $305,760.00. Following the sale, the director now directly owns 28,700 shares of the company’s stock, valued at approximately $2,193,828. The disclosure for this sale can be found here. Corporate insiders own 9.88% of the company’s stock.
Several institutional investors have recently modified their holdings of HEI. Vanguard Group Inc. lifted its holdings in shares of Heico by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,368,528 shares of the aerospace company’s stock worth $846,674,000 after acquiring an additional 287,080 shares during the period. Standard Life Aberdeen plc increased its position in Heico by 63.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 584,212 shares of the aerospace company’s stock worth $42,610,000 after purchasing an additional 226,270 shares in the last quarter. Chilton Investment Co. LLC increased its position in Heico by 29.5% during the 2nd quarter. Chilton Investment Co. LLC now owns 603,108 shares of the aerospace company’s stock worth $43,985,000 after purchasing an additional 137,304 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Heico by 26.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 491,419 shares of the aerospace company’s stock worth $35,839,000 after purchasing an additional 101,939 shares in the last quarter. Finally, Navellier & Associates Inc increased its position in Heico by 124.1% during the 2nd quarter. Navellier & Associates Inc now owns 128,714 shares of the aerospace company’s stock worth $9,387,000 after purchasing an additional 71,284 shares in the last quarter. 31.26% of the stock is owned by institutional investors.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.
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