Heico (NYSE:HEI.A) Announces Earnings Results

Heico (NYSE:HEI.A) released its quarterly earnings data on Tuesday. The company reported $1.67 earnings per share for the quarter, Zacks reports. Heico had a return on equity of 17.52% and a net margin of 16.08%.

Heico Stock Down 0.7%

Shares of NYSE:HEI.A traded down $1.92 during midday trading on Tuesday, reaching $257.31. The company’s stock had a trading volume of 309,091 shares, compared to its average volume of 317,991. The firm has a 50 day moving average of $257.11 and a 200-day moving average of $239.32. The firm has a market capitalization of $35.94 billion, a P/E ratio of 45.95 and a beta of 1.08. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. Heico has a 12-month low of $199.35 and a 12-month high of $279.66.

Insider Transactions at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.76% of the stock is currently owned by company insiders.

Heico Company Profile

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.