Heico (NYSE:HEI.A) Releases Earnings Results

Heico (NYSE:HEI.A) issued its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Heico had a net margin of 15.39% and a return on equity of 16.80%.

Heico Price Performance

Shares of HEI.A stock traded down $6.30 during mid-day trading on Wednesday, hitting $253.09. 432,538 shares of the stock were exchanged, compared to its average volume of 282,387. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. Heico has a 52-week low of $180.36 and a 52-week high of $279.66. The firm has a fifty day moving average of $259.12 and a 200 day moving average of $251.13. The company has a market cap of $35.27 billion, a PE ratio of 51.55 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Heico to a “hold” rating in a research report on Tuesday, December 16th. CJS Securities raised shares of Heico to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

About Heico

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.