Heico Corp (NYSE:HEI) – Investment analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for shares of Heico in a report issued on Tuesday, August 28th. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $1.91 per share for the year, up from their previous forecast of $1.87. SunTrust Banks currently has a “Buy” rating and a $97.00 target price on the stock. SunTrust Banks also issued estimates for Heico’s Q1 2019 earnings at $0.46 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.58 EPS and Q4 2019 earnings at $0.61 EPS.

Heico (NYSE:HEI) last issued its earnings results 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 return on equity of 16.50% and a net margin of 14.26%. The business had revenue of $465.83 million for the quarter, compared to the consensus estimate of $440.68 million. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 19.0% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity increased their price target on Heico from $84.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group increased their price target on Heico from $83.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. ValuEngine cut Heico from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Jefferies Financial Group increased their price target on Heico to $100.00 and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $85.16.

NYSE HEI opened at $90.95 on Friday. The firm has a market cap of $11.92 billion, a PE ratio of 56.12, a PEG ratio of 4.02 and a beta of 0.62. The company has a current ratio of 3.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Heico has a 1-year low of $53.68 and a 1-year high of $93.63.

A number of institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group raised its holdings in Heico by 25.0% in the 2nd quarter. Schroder Investment Management Group now owns 50,493 shares of the aerospace company’s stock worth $3,689,000 after purchasing an additional 10,096 shares during the period. Advisors Asset Management Inc. increased its stake in Heico by 20.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 82,642 shares of the aerospace company’s stock worth $6,027,000 after buying an additional 13,876 shares in the last quarter. HWG Holdings LP increased its stake in Heico by 31.9% in the 2nd quarter. HWG Holdings LP now owns 26,131 shares of the aerospace company’s stock worth $1,906,000 after buying an additional 6,314 shares in the last quarter. Putnam Investments LLC increased its stake in Heico by 18.0% in the 2nd quarter. Putnam Investments LLC now owns 46,272 shares of the aerospace company’s stock worth $3,374,000 after buying an additional 7,069 shares in the last quarter. Finally, Cynosure Advisors LLC increased its stake in Heico by 25.0% in the 2nd quarter. Cynosure Advisors LLC now owns 4,092 shares of the aerospace company’s stock worth $298,000 after buying an additional 818 shares in the last quarter. 26.88% of the stock is currently owned by institutional investors.

In related news, Director Alan Schriesheim sold 5,347 shares of the firm’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $62.59, for a total value of $334,668.73. Following the transaction, the director now directly owns 16,041 shares of the company’s stock, valued at approximately $1,004,006.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laurans A. Mendelson sold 30,000 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $76.21, for a total value of $2,286,300.00. Following the completion of the transaction, the chief executive officer now directly owns 740,910 shares in the company, valued at $56,464,751.10. The disclosure for this sale can be found here. 9.88% of the stock is currently owned by company insiders.

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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