Heico Corp (NYSE:HEI) – Stock analysts at Seaport Global Securities boosted their Q1 2018 EPS estimates for shares of Heico in a research note issued on Wednesday. Seaport Global Securities analyst J. Sullivan now forecasts that the aerospace company will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.50. Seaport Global Securities has a “Neutral” rating and a $90.00 price target on the stock. Seaport Global Securities also issued estimates for Heico’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.37 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.79 EPS and FY2019 earnings at $2.71 EPS.
Heico (NYSE:HEI) last released its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The business had revenue of $421.22 million during the quarter, compared to analysts’ expectations of $408.32 million. Heico had a net margin of 12.20% and a return on equity of 16.07%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS.
Heico (NYSE:HEI) traded down $2.35 during trading on Friday, hitting $94.54. 360,300 shares of the stock traded hands, compared to its average volume of 194,953. The stock has a market cap of $8,182.85, a PE ratio of 45.53, a P/E/G ratio of 4.37 and a beta of 0.73. Heico has a 1-year low of $60.00 and a 1-year high of $101.40. The company has a current ratio of 2.89, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, January 2nd. This represents a yield of 0.15%. Heico’s dividend payout ratio is currently 7.43%.
In related news, Director Mark H. Hildebrandt purchased 1,316 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average cost of $76.13 per share, for a total transaction of $100,187.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. 9.76% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in HEI. Artemis Investment Management LLP acquired a new stake in Heico during the 2nd quarter worth $7,379,000. Artisan Partners Limited Partnership raised its stake in Heico by 54.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 283,149 shares of the aerospace company’s stock worth $20,341,000 after acquiring an additional 100,315 shares in the last quarter. Fred Alger Management Inc. raised its stake in Heico by 23.7% during the 2nd quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock worth $27,370,000 after acquiring an additional 72,901 shares in the last quarter. Tygh Capital Management Inc. raised its stake in Heico by 72.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 110,793 shares of the aerospace company’s stock worth $7,959,000 after acquiring an additional 46,665 shares in the last quarter. Finally, Nicholas Investment Partners LP raised its stake in Heico by 111.4% during the 2nd quarter. Nicholas Investment Partners LP now owns 78,821 shares of the aerospace company’s stock worth $5,662,000 after acquiring an additional 41,530 shares in the last quarter. Hedge funds and other institutional investors own 26.93% of the company’s stock.
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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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