HEICO (HEI) to Release Earnings on Tuesday

HEICO (NYSE:HEI) will be releasing its earnings data after the market closes on Tuesday, May 28th. Analysts expect HEICO to post earnings of $0.79 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The firm’s revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, analysts expect HEICO to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HEICO Price Performance

Shares of HEI opened at $217.31 on Friday. The company has a market cap of $30.07 billion, a P/E ratio of 71.02, a PEG ratio of 3.24 and a beta of 1.11. The stock has a fifty day moving average price of $201.14 and a 200 day moving average price of $187.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. HEICO has a 12 month low of $153.63 and a 12 month high of $219.35.

Insider Activity

In other news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now directly owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Stifel Nicolaus increased their price target on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Royal Bank of Canada increased their price target on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $210.30.

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. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.