Equities research analysts expect Heico Corp (NYSE:HEI) to report $0.57 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Heico’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.60. Heico posted earnings of $0.49 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The firm is scheduled to report its next earnings report after the market closes on Monday, December 16th.
On average, analysts expect that Heico will report full-year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.35. For the next year, analysts expect that the business will report earnings of $2.55 per share, with EPS estimates ranging from $2.53 to $2.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Heico.
Several research firms have recently issued reports on HEI. Canaccord Genuity boosted their target price on Heico from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. SunTrust Banks raised their price target on Heico from $128.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Credit Suisse Group lifted their price target on shares of Heico from $133.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. They noted that the move was a valuation call. Robert W. Baird boosted their price objective on shares of Heico from $125.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, UBS Group downgraded shares of Heico from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $120.00 to $134.00 in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.67.
Institutional investors and hedge funds have recently bought and sold shares of the business. Riverbridge Partners LLC increased its stake in shares of Heico by 1.8% in the 3rd quarter. Riverbridge Partners LLC now owns 983,038 shares of the aerospace company’s stock worth $122,762,000 after acquiring an additional 17,386 shares in the last quarter. EULAV Asset Management lifted its holdings in shares of Heico by 0.4% during the second quarter. EULAV Asset Management now owns 416,799 shares of the aerospace company’s stock valued at $55,772,000 after purchasing an additional 1,800 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Heico by 49.7% in the 2nd quarter. First Trust Advisors LP now owns 231,181 shares of the aerospace company’s stock worth $30,934,000 after purchasing an additional 76,797 shares in the last quarter. AXA bought a new stake in shares of Heico in the 2nd quarter worth approximately $24,835,000. Finally, AQR Capital Management LLC grew its stake in shares of Heico by 1,441.3% in the 2nd quarter. AQR Capital Management LLC now owns 173,201 shares of the aerospace company’s stock worth $23,176,000 after buying an additional 161,964 shares during the last quarter. Institutional investors and hedge funds own 26.19% of the company’s stock.
NYSE HEI traded up $0.07 on Wednesday, hitting $128.24. The company’s stock had a trading volume of 5,647 shares, compared to its average volume of 366,126. Heico has a 52-week low of $71.47 and a 52-week high of $147.93. The company has a current ratio of 2.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $124.70 and its 200 day simple moving average is $129.14. The firm has a market cap of $17.19 billion, a P/E ratio of 70.83, a PEG ratio of 3.65 and a beta of 0.59.
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.
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