HEICO (HEI) Posts Earnings Results, Beats Expectations By $0.03 EPS

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.

A number of equities research analysts have recently commented on HEI shares. Jefferies Group set a $90.00 target price on shares of HEICO and gave the company a “buy” rating in a report on Wednesday, February 14th. Credit Suisse Group reiterated an “outperform” rating and set a $97.00 price target (up from $87.20) on shares of HEICO in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of HEICO from a “hold” rating to a “strong-buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, February 20th. ValuEngine upgraded shares of HEICO from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Canaccord Genuity reiterated a “buy” rating on shares of HEICO in a research note on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $86.73.

About HEICO

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.

Earnings History for HEICO (NYSE:HEI)

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