Heico Corporation (HEI) to Release Earnings on Wednesday

Heico Corporation (NYSE:HEI) is set to post its quarterly earnings results after the market closes on Wednesday, August 23rd. Analysts expect Heico Corporation to post earnings of $0.52 per share for the quarter.

Heico Corporation (NYSE:HEI) last posted its earnings results on Tuesday, May 23rd. The aerospace company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $368.70 million for the quarter, compared to analyst estimates of $368.78 million. Heico Corporation had a return on equity of 15.89% and a net margin of 12.08%. Heico Corporation’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. On average, analysts expect Heico Corporation to post $2.09 EPS for the current fiscal year and $2.29 EPS for the next fiscal year.

Heico Corporation (HEI) opened at 86.42 on Wednesday. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 42.97 and a beta of 0.76. Heico Corporation has a 12-month low of $52.56 and a 12-month high of $87.36. The company has a 50-day moving average price of $79.08 and a 200 day moving average price of $71.95.

The company also recently declared a semiannual dividend, which was paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th were paid a dividend of $0.08 per share. This is an increase from Heico Corporation’s previous semiannual dividend of $0.07. The ex-dividend date was Friday, June 30th. This represents a yield of 0.22%. Heico Corporation’s payout ratio is 7.93%.

HEI has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $73.00 price target (up previously from $68.00) on shares of Heico Corporation in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of Heico Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Canaccord Genuity lifted their price target on shares of Heico Corporation from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $85.00.

About Heico Corporation

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.