HEICO (NYSE:HEI) announced its earnings results on Tuesday. The aerospace company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03, Briefing.com reports. HEICO had a net margin of 13.26% and a return on equity of 14.80%. The business had revenue of $430.60 million during the quarter, compared to analysts’ expectations of $426.47 million. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year.
Shares of HEICO stock opened at $93.19 on Wednesday. HEICO has a 52-week low of $56.47 and a 52-week high of $95.87. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market cap of $9.61 billion, a PE ratio of 55.14, a PEG ratio of 3.36 and a beta of 0.71.
In other HEICO news, Director Frank J. Schwitter sold 2,500 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $69.35, for a total transaction of $173,375.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laurans A. Mendelson sold 5,100 shares of the company’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $73.16, for a total transaction of $373,116.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,263 shares of company stock worth $840,340. Company insiders own 9.88% of the company’s stock.
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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