Heico Corp (NYSE:HEI) – Stock analysts at SunTrust Banks increased their FY2018 earnings estimates for Heico in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $2.77 for the year, up from their previous estimate of $2.40. SunTrust Banks currently has a “Buy” rating and a $116.00 target price on the stock. SunTrust Banks also issued estimates for Heico’s FY2019 earnings at $3.24 EPS.
Heico (NYSE:HEI) last issued its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Heico had a net margin of 12.20% and a return on equity of 15.70%. The business had revenue of $421.22 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.
Shares of Heico (HEI) traded up $0.27 during midday trading on Wednesday, reaching $96.12. 124,964 shares of the company’s stock traded hands, compared to its average volume of 263,358. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. Heico has a 1-year low of $60.00 and a 1-year high of $101.40. The company has a market cap of $7,290.00, a price-to-earnings ratio of 44.92, a PEG ratio of 3.75 and a beta of 0.73.
Several large investors have recently added to or reduced their stakes in HEI. D.A. Davidson & CO. grew its position in shares of Heico by 24.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after buying an additional 502 shares during the period. Ironwood Investment Counsel LLC purchased a new stake in shares of Heico in the 3rd quarter worth about $201,000. RKL Wealth Management LLC purchased a new stake in shares of Heico in the 3rd quarter worth about $201,000. Comerica Bank purchased a new stake in shares of Heico in the 2nd quarter worth about $209,000. Finally, Virtu KCG Holdings LLC grew its position in shares of Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after buying an additional 639 shares during the period. 26.93% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be given a $0.07 dividend. This represents a dividend yield of 0.15%. The ex-dividend date is Tuesday, January 2nd. Heico’s dividend payout ratio is presently 6.54%.
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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