Heico Corp (NYSE:HEI) – SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of Heico in a note issued to investors on Tuesday. SunTrust Banks analyst M. Ciarmoli forecasts that the aerospace company will earn $0.53 per share for the quarter. SunTrust Banks has a “Buy” rating and a $116.00 price target on the stock. SunTrust Banks also issued estimates for Heico’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at $2.40 EPS and FY2019 earnings at $2.71 EPS.
A number of other equities analysts have also commented on HEI. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group restated an “outperform” rating and issued a $109.00 price objective (up from $98.00) on shares of Heico in a research report on Wednesday. They noted that the move was a valuation call. Canaccord Genuity restated a “buy” rating and issued a $110.00 price objective (up from $95.00) on shares of Heico in a research report on Wednesday. They noted that the move was a valuation call. Finally, Stephens set a $104.00 price objective on shares of Heico and gave the company a “hold” rating in a research report on Monday, December 18th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.78.
Heico (NYSE:HEI) last posted its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Heico had a net margin of 12.20% and a return on equity of 16.07%. The business had revenue of $421.22 million during the quarter, compared to the consensus estimate of $408.32 million. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 in the last quarter. Ironwood Investment Counsel LLC bought a new stake in Heico in the third quarter valued at $201,000. RKL Wealth Management LLC bought a new stake in Heico in the third quarter valued at $201,000. Comerica Bank bought a new stake in Heico in the second quarter valued at $209,000. Finally, Virtu KCG Holdings LLC boosted its holdings in Heico by 24.0% in the second quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 639 shares in the last quarter. 26.93% of the stock is currently owned by institutional investors.
In other Heico news, Director Mark H. Hildebrandt purchased 1,316 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were purchased at an average cost of $76.13 per share, with a total value of $100,187.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.76% of the company’s stock.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.07 per share. This represents a dividend yield of 0.15%. The ex-dividend date is Tuesday, January 2nd. Heico’s dividend payout ratio (DPR) is presently 7.43%.
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Heico Company Profile
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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