Jefferies Group Weighs in on Heico Corp’s Q4 2018 Earnings (HEI)

Heico Corp (NYSE:HEI) – Analysts at Jefferies Group upped their Q4 2018 EPS estimates for shares of Heico in a research note issued to investors on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $0.87 for the quarter, up from their prior forecast of $0.56. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Heico’s FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.15 EPS.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $110.00 target price (up previously from $95.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Thursday, September 14th. Credit Suisse Group reissued an “outperform” rating and issued a $109.00 target price (up previously from $98.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $104.00 target price on shares of Heico and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, SunTrust Banks boosted their target price on shares of Heico to $96.00 and gave the stock a “buy” rating in a report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $99.78.

Heico (NYSE:HEI) traded up $0.27 during mid-day trading on Wednesday, hitting $96.12. 124,964 shares of the stock traded hands, compared to its average volume of 263,358. Heico has a 1 year low of $60.00 and a 1 year high of $101.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a market capitalization of $7,290.00, a P/E ratio of 44.92, a PEG ratio of 3.75 and a beta of 0.73.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be issued a $0.07 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, January 2nd. Heico’s dividend payout ratio (DPR) is presently 6.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Heico by 3.7% in the second quarter. PNC Financial Services Group Inc. now owns 674,898 shares of the aerospace company’s stock worth $48,483,000 after purchasing an additional 24,299 shares during the last quarter. Copeland Capital Management LLC increased its position in Heico by 0.3% in the third quarter. Copeland Capital Management LLC now owns 384,041 shares of the aerospace company’s stock worth $34,491,000 after purchasing an additional 1,108 shares during the last quarter. Fred Alger Management Inc. increased its position in Heico by 23.7% in the second quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock worth $27,370,000 after purchasing an additional 72,901 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Heico by 54.9% in the second quarter. Artisan Partners Limited Partnership now owns 283,149 shares of the aerospace company’s stock worth $20,341,000 after purchasing an additional 100,315 shares during the last quarter. Finally, Hancock Holding Co. increased its position in Heico by 0.9% in the second quarter. Hancock Holding Co. now owns 167,516 shares of the aerospace company’s stock worth $12,034,000 after purchasing an additional 1,501 shares during the last quarter. Institutional investors own 26.93% of the company’s stock.

WARNING: This story was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.themarketsdaily.com/2018/01/12/jefferies-group-weighs-in-on-heico-corps-q4-2018-earnings-hei.html.

About Heico

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.

Earnings History and Estimates for Heico (NYSE:HEI)

Receive News & Ratings for Heico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply