Heico (NYSE:HEI.A) Releases Quarterly Earnings Results

Heico (NYSE:HEI.A) announced its earnings results on Wednesday. The company reported $1.66 earnings per share (EPS) for the quarter, Zacks reports. Heico had a net margin of 15.38% and a return on equity of 16.57%.

Heico Price Performance

HEI.A traded up $1.69 on Wednesday, reaching $230.58. 391,425 shares of the company’s stock were exchanged, compared to its average volume of 325,998. The stock has a market cap of $32.17 billion, a PE ratio of 45.57 and a beta of 1.00. Heico has a twelve month low of $199.35 and a twelve month high of $279.66. The stock’s fifty day moving average price is $216.28 and its 200-day moving average price is $239.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41.

Insiders Place Their Bets

In related news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.76% of the company’s stock.

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.