Brokerages Expect Heico Corp (NYSE:HEI) Will Post Earnings of $0.44 Per Share

Equities research analysts expect Heico Corp (NYSE:HEI) to post earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Heico’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.51. Heico posted earnings of $0.62 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 29%. The business is expected to report its next quarterly earnings results on Monday, December 21st.

On average, analysts expect that Heico will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.35. For the next fiscal year, analysts forecast that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $1.80 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Heico.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Heico had a net margin of 17.73% and a return on equity of 18.37%. The firm had revenue of $386.41 million for the quarter, compared to analyst estimates of $382.16 million. During the same period in the previous year, the company earned $0.59 earnings per share. The business’s quarterly revenue was down 27.4% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Heico from $84.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Credit Suisse Group restated a “buy” rating on shares of Heico in a research report on Wednesday, August 26th. SunTrust Banks reduced their price target on shares of Heico from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Benchmark upped their price target on shares of Heico from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $100.00 price objective on shares of Heico in a research note on Wednesday, August 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Heico currently has an average rating of “Hold” and an average target price of $101.89.

In related news, Director Alan Schriesheim sold 2,000 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the director now owns 52,112 shares of the company’s stock, valued at approximately $3,911,526.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 14,000 shares of company stock valued at $1,195,800 in the last ninety days. 8.56% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in HEI. Acadian Asset Management LLC raised its holdings in shares of Heico by 374.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,565 shares of the aerospace company’s stock valued at $192,000 after purchasing an additional 2,024 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Heico by 6,780.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 3,853 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 3,797 shares in the last quarter. Telemark Asset Management LLC raised its holdings in shares of Heico by 20.0% in the 1st quarter. Telemark Asset Management LLC now owns 300,000 shares of the aerospace company’s stock valued at $21,045,000 after purchasing an additional 50,000 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Heico by 13.4% in the 1st quarter. Moors & Cabot Inc. now owns 10,151 shares of the aerospace company’s stock valued at $751,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Heico by 10.7% in the 1st quarter. Private Advisor Group LLC now owns 16,442 shares of the aerospace company’s stock valued at $1,227,000 after purchasing an additional 1,595 shares in the last quarter. Institutional investors own 26.69% of the company’s stock.

NYSE:HEI traded up $0.76 during mid-day trading on Friday, hitting $105.42. The company’s stock had a trading volume of 273,138 shares, compared to its average volume of 675,474. Heico has a 1 year low of $52.01 and a 1 year high of $134.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.97 and a quick ratio of 2.91. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 6.11 and a beta of 1.10. The business’s fifty day moving average is $108.13 and its two-hundred day moving average is $95.58.

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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Earnings History and Estimates for Heico (NYSE:HEI)

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