Heico Corporation (HEI) Earning Somewhat Favorable News Coverage, Study Finds
Press coverage about Heico Corporation (NYSE:HEI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heico Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.0735869861146 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Local Dealer Says Will Start Car Production With Foreign Firm (financialtribune.com)
- How Parts Specialist Heico Grew Into a Multibillion-Dollar Corporation From Its Fort Lauderdale Base – Aviation Week (aviationweek.com)
- Data center cooling market scrutinized in new research (whatech.com)
- Heico Corporation (HEI) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- HEICO Corporation (NYSE:HEI): A Look at Returns & Quant Data Scores – Akron Register (akronregister.com)
Heico Corporation (NYSE HEI) opened at 89.81 on Friday. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $90.90. The stock has a 50 day moving average of $84.62 and a 200-day moving average of $75.51. The company has a market capitalization of $7.58 billion, a P/E ratio of 43.98 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last announced its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $391.50 million for the quarter, compared to analyst estimates of $390.55 million. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, equities analysts forecast that Heico Corporation will post $2.10 earnings per share for the current year.
A number of research analysts have commented on HEI shares. Credit Suisse Group reiterated an “outperform” rating and set a $98.00 price objective (up from $85.00) on shares of Heico Corporation in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Tuesday, August 29th. Bank of America Corporation upgraded shares of Heico Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $75.00 to $95.00 in a research note on Tuesday, August 29th. Jefferies Group LLC reiterated a “hold” rating and set a $89.00 price objective (up from $75.00) on shares of Heico Corporation in a research note on Thursday, August 24th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $91.00 price objective (up from $80.00) on shares of Heico Corporation in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $91.33.
COPYRIGHT VIOLATION WARNING: “Heico Corporation (HEI) Earning Somewhat Favorable News Coverage, Study Finds” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/01/heico-corporation-hei-earning-somewhat-favorable-news-coverage-study-finds.html.
In other Heico Corporation news, VP Thomas S. Irwin sold 20,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $76.28, for a total value of $1,525,600.00. Following the sale, the vice president now owns 31,110 shares of the company’s stock, valued at approximately $2,373,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.76% of the company’s stock.
Heico Corporation 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.
Receive News & Stock Ratings for Heico Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corporation and related stocks with our FREE daily email newsletter.