$0.53 EPS Expected for Heico Corp (NYSE:HEI) This Quarter

Wall Street analysts forecast that Heico Corp (NYSE:HEI) will report earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Heico’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.50. Heico posted earnings per share of $0.49 during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, August 27th.

According to Zacks, analysts expect that Heico will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.20 to $2.27. For the next financial year, analysts anticipate that the business will post earnings of $2.46 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Heico.

Heico (NYSE:HEI) last released its earnings results on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. Heico had a return on equity of 18.31% and a net margin of 15.36%. The firm had revenue of $515.60 million during the quarter, compared to analysts’ expectations of $480.17 million. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Canaccord Genuity upped their target price on Heico from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Credit Suisse Group increased their price target on Heico from $127.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Zacks Investment Research upgraded Heico from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Friday, May 24th. SunTrust Banks increased their price target on Heico to $128.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, UBS Group increased their price target on Heico from $85.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Heico presently has a consensus rating of “Buy” and a consensus target price of $118.00.

NYSE HEI traded up $0.57 on Monday, hitting $141.80. 404,000 shares of the company’s stock were exchanged, compared to its average volume of 405,164. The stock has a 50-day moving average of $137.46 and a 200-day moving average of $111.59. The company has a current ratio of 3.20, a quick ratio of 1.56 and a debt-to-equity ratio of 0.33. Heico has a 52 week low of $71.47 and a 52 week high of $144.37. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 78.34, a P/E/G ratio of 4.43 and a beta of 0.68.

In other news, CEO Laurans A. Mendelson sold 100,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $98.17, for a total value of $9,817,000.00. Following the completion of the transaction, the chief executive officer now directly owns 927,445 shares in the company, valued at approximately $91,047,275.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steven M. Walker sold 4,200 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $103.00, for a total value of $432,600.00. Following the completion of the transaction, the chief accounting officer now owns 2,062 shares of the company’s stock, valued at $212,386. The disclosure for this sale can be found here. Insiders sold a total of 167,473 shares of company stock valued at $16,698,107 over the last quarter. 9.23% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HEI. Mutual Advisors LLC acquired a new stake in Heico in the second quarter valued at $386,000. Cambridge Investment Research Advisors Inc. increased its holdings in Heico by 7.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,740 shares of the aerospace company’s stock valued at $768,000 after purchasing an additional 412 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Heico by 4.4% in the second quarter. Integrated Wealth Concepts LLC now owns 2,238 shares of the aerospace company’s stock valued at $299,000 after purchasing an additional 94 shares during the period. Doyle Wealth Management acquired a new stake in Heico in the second quarter valued at $171,000. Finally, Andra AP fonden acquired a new stake in Heico in the second quarter valued at $2,837,000. Institutional investors own 25.57% of the company’s stock.

About Heico

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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