“MaxLinear reported 4Q17 revenue that was in line with guidance while NG EPS beat by a penny. However, 1Q18 revenue guidance came in lower than our forecast reflecting headwinds in the optical, ForceTouch, MoCA, satellite and Industrial & Multi-Market segments. On a positive note, NG GM was better than expected in both 4Q17 results and 1Q18 guidance. Though we remain encouraged by the strong pipeline of upcoming Infrastructure products and their respective potential market opportunities, we lower our EPS estimates for 2018 and 2019 and price target to $30 from $32 to remove risk revenue from our forecast.”,” the firm’s analyst wrote.
Other analysts also recently issued research reports about the company. Canaccord Genuity restated a buy rating and issued a $88.00 price target (up previously from $76.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $84.00 price target on Heico and gave the stock a hold rating in a research note on Friday, January 19th. Zacks Investment Research cut Heico from a buy rating to a hold rating in a research report on Friday, December 22nd. Credit Suisse Group reaffirmed an outperform rating and issued a $87.20 price objective (up from $78.40) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, SunTrust Banks upped their price objective on Heico to $76.80 and gave the company a buy rating in a research report on Monday, December 4th. Five equities 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 target price of $82.00.
Heico (NYSE:HEI) last posted its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. research analysts predict that Heico will post 2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were given a $0.056 dividend. The ex-dividend date was Tuesday, January 2nd. This represents a yield of 0.15%. Heico’s dividend payout ratio (DPR) is presently 6.39%.
Hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. bought a new position in Heico in the 4th quarter valued at approximately $118,000. Captrust Financial Advisors bought a new position in Heico in the 4th quarter valued at approximately $129,000. Ironwood Investment Counsel LLC bought a new position in shares of Heico during the 3rd quarter valued at $201,000. RKL Wealth Management LLC bought a new position in shares of Heico during the 3rd quarter valued at $201,000. Finally, BB&T Securities LLC bought a new position in shares of Heico during the 4th quarter valued at $205,000. 21.18% of the stock is currently owned by institutional investors and hedge funds.
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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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