Heico Corp (HEI) Expected to Post Earnings of $0.49 Per Share

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Analysts expect that Heico Corp (NYSE:HEI) will announce earnings of $0.49 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Heico’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. Heico reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.5%. The company is expected to issue its next quarterly earnings report on Monday, December 17th.

According to Zacks, 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 fiscal year, analysts forecast that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.76 to $2.17. Zacks’ EPS averages are an average based on a survey of research firms that follow Heico.

Heico (NYSE:HEI) last announced its quarterly earnings data on Monday, August 27th. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Heico had a net margin of 14.26% and a return on equity of 16.15%. The business had revenue of $465.83 million during the quarter, compared to analysts’ expectations of $440.68 million. During the same period in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year.

Several analysts have commented on the stock. Canaccord Genuity lifted their price objective on shares of Heico from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. ValuEngine cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. UBS Group initiated coverage on shares of Heico in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on shares of Heico to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $88.60.

NYSE HEI traded down $0.44 on Friday, hitting $89.72. 285,058 shares of the company’s stock traded hands, compared to its average volume of 372,499. The company has a current ratio of 2.86, a quick ratio of 1.32 and a debt-to-equity ratio of 0.44. Heico has a 1-year low of $55.43 and a 1-year high of $94.12. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 66.46, a PEG ratio of 4.07 and a beta of 0.76.

In related news, Director Julie Neitzel sold 1,706 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $86.64, for a total value of $147,807.84. Following the completion of the transaction, the director now directly owns 392 shares in the company, valued at approximately $33,962.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Schriesheim sold 5,347 shares of the business’s stock in a transaction on Wednesday, July 11th. The shares were sold at an average price of $62.59, for a total transaction of $334,668.73. Following the completion of the transaction, the director now owns 16,041 shares of the company’s stock, valued at $1,004,006.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,803 shares of company stock valued at $845,762. Company insiders own 9.88% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Architects Inc purchased a new stake in Heico in the 2nd quarter worth $123,000. BDO Wealth Advisors LLC purchased a new stake in Heico in the 1st quarter worth $154,000. Winslow Evans & Crocker Inc. purchased a new stake in Heico in the 2nd quarter worth $164,000. NewSquare Capital LLC purchased a new stake in Heico in the 2nd quarter worth $184,000. Finally, Hengehold Capital Management LLC purchased a new stake in Heico in the 2nd quarter worth $208,000. 26.91% of the stock is owned by institutional investors.

Heico Company Profile

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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Earnings History and Estimates for Heico (NYSE:HEI)

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