Heico (NYSE:HEI.A) Issues Earnings Results, Beats Estimates By $0.13 EPS

Heico (NYSE:HEI.A) posted its earnings results on Thursday. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.20 by $0.13, Zacks reports. Heico had a net margin of 14.96% and a return on equity of 16.29%.

Heico Price Performance

Shares of NYSE HEI.A opened at $240.54 on Friday. The firm has a market capitalization of $33.49 billion, a P/E ratio of 52.63 and a beta of 1.08. The firm’s 50-day moving average price is $244.47 and its 200-day moving average price is $247.07. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58. Heico has a 1-year low of $174.82 and a 1-year high of $264.71.

Insider Buying and Selling

In other news, Director Thomas M. Culligan acquired 676 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the acquisition, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. The trade was a 6.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carol F. Fine bought 672 shares of the stock in a transaction dated Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the transaction, the director directly owned 672 shares of the company’s stock, valued at $163,920.96. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 4,448 shares of company stock worth $1,086,933 over the last 90 days. 9.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

HEI.A has been the subject of several analyst reports. Zacks Research raised Heico to a “hold” rating in a research report on Tuesday. CJS Securities upgraded shares of Heico to a “strong-buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.