Brokerages forecast that Heico Corp (NYSE:HEI) will post $511.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Heico’s earnings, with estimates ranging from $504.00 million to $521.53 million. Heico posted sales of $465.83 million during the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The company is expected to report its next earnings report on Monday, August 26th.
On average, analysts expect that Heico will report full-year sales of $2.00 billion for the current financial year, with estimates ranging from $1.97 billion to $2.03 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.16 billion, with estimates ranging from $2.12 billion to $2.20 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Heico.
Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $515.60 million for the quarter, compared to analyst estimates of $480.17 million. Heico had a net margin of 15.36% and a return on equity of 18.31%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS.
In other news, Director Alan Schriesheim sold 8,000 shares of Heico stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.86, for a total transaction of $686,880.00. Following the sale, the director now owns 1,700 shares of the company’s stock, valued at approximately $145,962. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurans A. Mendelson sold 100,000 shares of Heico stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $98.17, for a total transaction of $9,817,000.00. Following the sale, the chief executive officer now directly owns 927,445 shares in the company, valued at approximately $91,047,275.65. The disclosure for this sale can be found here. Insiders have sold a total of 175,473 shares of company stock worth $17,384,987 in the last ninety days. Insiders own 9.23% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in HEI. Tocqueville Asset Management L.P. lifted its position in Heico by 86.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 4,691 shares of the aerospace company’s stock valued at $363,000 after acquiring an additional 2,169 shares during the period. Executive Wealth Management LLC purchased a new position in Heico during the 4th quarter valued at about $43,000. Nissay Asset Management Corp Japan ADV lifted its position in Heico by 126.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 97,958 shares of the aerospace company’s stock valued at $9,293,000 after acquiring an additional 54,696 shares during the period. Icon Wealth Partners LLC purchased a new position in Heico during the 1st quarter valued at about $96,000. Finally, Stratos Wealth Partners LTD. lifted its position in Heico by 9.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 30,723 shares of the aerospace company’s stock valued at $2,915,000 after acquiring an additional 2,719 shares during the period. 24.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Heico stock opened at $133.81 on Friday. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 73.93, a PEG ratio of 4.35 and a beta of 0.67. Heico has a 12-month low of $71.47 and a 12-month high of $133.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.56 and a current ratio of 3.20. The stock has a fifty day moving average price of $117.95.
The business also recently announced a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, June 28th. Heico’s payout ratio is 7.73%.
Heico Company Profile
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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