Research Analysts Issue Forecasts for Heico Corp’s Q2 2018 Earnings (HEI)

Heico Corp (NYSE:HEI) – Analysts at Jefferies Group issued their Q2 2018 earnings per share estimates for Heico in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will earn $0.60 per share for the quarter. Jefferies Group also issued estimates for Heico’s Q3 2018 earnings at $0.66 EPS, FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.80 EPS.

Heico (NYSE:HEI) last released its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. Heico had a return on equity of 16.07% and a net margin of 12.20%. The firm had revenue of $421.22 million for the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 15.9% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on HEI. Canaccord Genuity restated a “buy” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Heico in a research note on Wednesday. They noted that the move was a valuation call. Credit Suisse Group restated an “outperform” rating and issued a $109.00 price objective (up previously from $98.00) on shares of Heico in a research note on Wednesday. They noted that the move was a valuation call. Stephens set a $104.00 price objective on shares of Heico and gave the company a “hold” rating in a research note on Monday, December 18th. SunTrust Banks restated a “buy” rating and issued a $116.00 price objective on shares of Heico in a research note on Thursday. Finally, Zacks Investment Research cut shares of Heico from a “buy” rating to a “hold” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $99.78.

Shares of Heico (NYSE:HEI) traded down $0.82 during mid-day trading on Thursday, hitting $93.72. 161,759 shares of the stock were exchanged, compared to its average volume of 332,831. Heico has a 52 week low of $60.00 and a 52 week high of $101.40. The firm has a market cap of $7,984.38, a PE ratio of 43.55, a price-to-earnings-growth ratio of 3.47 and a beta of 0.73. The company has a current ratio of 2.89, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36.

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its holdings in Heico by 24.7% in the second quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after acquiring an additional 502 shares during the last quarter. Ironwood Investment Counsel LLC bought a new position in shares of Heico during the third quarter valued at $201,000. RKL Wealth Management LLC bought a new position in shares of Heico during the third quarter valued at $201,000. Comerica Bank bought a new position in shares of Heico during the second quarter valued at $209,000. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Heico by 24.0% during the second quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 639 shares in the last quarter. Hedge funds and other institutional investors own 26.93% of the company’s stock.

In other news, Director Mark H. Hildebrandt acquired 1,316 shares of Heico stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average price of $76.13 per share, with a total value of $100,187.08. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.76% of the stock is owned by company insiders.

The company also recently disclosed 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. This represents a yield of 0.15%. The ex-dividend date is Tuesday, January 2nd. Heico’s payout ratio is 7.43%.

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About Heico

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.

Earnings History and Estimates for Heico (NYSE:HEI)

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