Heico (HEI) Announces Earnings Results
Heico (NYSE:HEI) announced its quarterly earnings results on Monday. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05, Bloomberg Earnings reports. Heico had a return on equity of 15.56% and a net margin of 12.04%. The company had revenue of $421.22 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the previous year, the company posted $0.65 earnings per share. Heico’s revenue for the quarter was up 15.9% on a year-over-year basis.
Heico (HEI) traded up $4.33 during mid-day trading on Monday, reaching $96.13. The company’s stock had a trading volume of 632,200 shares, compared to its average volume of 188,668. The company has a quick ratio of 1.39, a current ratio of 2.89 and a debt-to-equity ratio of 0.36. The firm has a market cap of $8,118.66, a price-to-earnings ratio of 47.40, a P/E/G ratio of 4.36 and a beta of 0.73. Heico has a 52 week low of $60.00 and a 52 week high of $96.57.
Several research analysts have recently weighed in on the company. Stephens set a $104.00 price objective on Heico and gave the company a “hold” rating in a research note on Monday. Canaccord Genuity increased their price objective on Heico from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Heico from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks increased their price objective on Heico to $96.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Seaport Global Securities began coverage on Heico in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $94.67.
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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.
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