HEICO (NYSE:HEI) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

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

HEICO Stock Up 3.4 %

Shares of HEI traded up $7.18 during midday trading on Wednesday, reaching $219.23. The stock had a trading volume of 368,645 shares, compared to its average volume of 363,626. HEICO has a 1-year low of $153.63 and a 1-year high of $225.61. The company’s fifty day simple moving average is $202.15 and its two-hundred day simple moving average is $188.75. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 73.34, a PEG ratio of 3.26 and a beta of 1.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40.

Insider Activity

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

Analysts Set New Price Targets

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

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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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