Equities research analysts expect that Heico Corp (NYSE:HEI) will report $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Heico’s earnings, with estimates ranging from $0.44 to $0.57. Heico reported earnings of $0.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The business is expected to report its next earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that Heico will report full year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.38. For the next year, analysts forecast that the business will report earnings of $2.39 per share, with EPS estimates ranging from $2.17 to $2.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Heico.
Heico (NYSE:HEI) last released its quarterly earnings data on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $404.41 million for the quarter, compared to analyst estimates of $394.23 million. Heico had a return on equity of 14.80% and a net margin of 13.26%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Chilton Investment Co. LLC grew its stake in Heico by 149.8% in the 4th quarter. Chilton Investment Co. LLC now owns 351,111 shares of the aerospace company’s stock valued at $33,127,000 after buying an additional 210,534 shares during the last quarter. Standard Life Aberdeen plc grew its stake in Heico by 6.5% in the 4th quarter. Standard Life Aberdeen plc now owns 260,261 shares of the aerospace company’s stock valued at $24,556,000 after buying an additional 15,829 shares during the last quarter. Two Sigma Investments LP grew its stake in Heico by 508.8% in the 4th quarter. Two Sigma Investments LP now owns 194,915 shares of the aerospace company’s stock valued at $18,390,000 after buying an additional 162,901 shares during the last quarter. Franklin Resources Inc. grew its stake in Heico by 148.0% in the 4th quarter. Franklin Resources Inc. now owns 152,004 shares of the aerospace company’s stock valued at $14,342,000 after buying an additional 90,700 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Heico by 5.9% in the 4th quarter. Eagle Asset Management Inc. now owns 142,672 shares of the aerospace company’s stock valued at $12,915,000 after buying an additional 7,990 shares during the last quarter. Institutional investors and hedge funds own 21.83% of the company’s stock.
Heico (NYSE HEI) traded up $1.56 during trading on Tuesday, hitting $88.09. 313,677 shares of the stock traded hands, compared to its average volume of 310,898. The firm has a market cap of $8,260.00, a price-to-earnings ratio of 48.40, a PEG ratio of 3.38 and a beta of 0.70. Heico has a one year low of $53.43 and a one year high of $88.73. The company has a quick ratio of 1.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.50.
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HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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