Heico (NYSE:HEI.A) Announces Earnings Results

Heico (NYSE:HEI.A) posted its earnings results on Wednesday. The company reported $1.66 earnings per share for the quarter, Zacks reports. Heico had a return on equity of 16.57% and a net margin of 15.38%.

Heico Stock Up 0.7%

Heico stock traded up $1.69 during mid-day trading on Wednesday, reaching $230.58. 391,108 shares of the company were exchanged, compared to its average volume of 325,995. The business has a fifty day moving average of $216.28 and a 200 day moving average of $239.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The firm has a market cap of $32.17 billion, a P/E ratio of 45.57 and a beta of 1.00. Heico has a 12-month low of $199.35 and a 12-month high of $279.66.

Insiders Place Their Bets

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.76% of the stock is currently owned by corporate insiders.

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.