HEICO (NYSE:HEI) Posts Earnings Results, Beats Estimates By $0.08 EPS

HEICO (NYSE:HEIGet Free Report) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08, Briefing.com reports. The company had revenue of $955.40 million for the quarter, compared to the consensus estimate of $951.24 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share.

HEICO Price Performance

HEI traded up $7.18 during trading hours on Wednesday, hitting $219.23. The company’s stock had a trading volume of 368,645 shares, compared to its average volume of 363,626. The business’s 50-day moving average price is $202.15 and its 200-day moving average price is $188.75. HEICO has a 12 month low of $153.63 and a 12 month high of $225.61. The stock has a market cap of $30.33 billion, a price-to-earnings ratio of 73.34, a P/E/G ratio of 3.26 and a beta of 1.11. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HEI. Royal Bank of Canada lifted their price target on shares of HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Stifel Nicolaus lifted their price target on shares of HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.30.

View Our Latest Analysis on HEICO

HEICO Company Profile

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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its 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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Earnings History for HEICO (NYSE:HEI)

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