Analysts forecast that Heico Corp (NYSE:HEI) will report sales of $394.23 million for the current quarter, according to Zacks. Three analysts have provided estimates for Heico’s earnings, with estimates ranging from $381.40 million to $407.20 million. Heico posted sales of $343.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.8%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Heico will report full-year sales of $394.23 million for the current fiscal year, with estimates ranging from $1.69 billion to $1.73 billion. For the next financial year, analysts expect that the business will report sales of $1.85 billion per share, with estimates ranging from $1.82 billion to $1.89 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Heico.
Heico (NYSE:HEI) last posted its earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Heico had a net margin of 12.20% and a return on equity of 15.70%. The business had revenue of $421.22 million for the quarter, compared to analysts’ expectations of $408.32 million. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year.
Several large investors have recently modified their holdings of HEI. Virtu KCG Holdings LLC increased its holdings in shares of Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after buying an additional 639 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Heico by 24.4% in the 2nd quarter. Stifel Financial Corp now owns 11,396 shares of the aerospace company’s stock worth $817,000 after buying an additional 2,235 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Heico by 27.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,410 shares of the aerospace company’s stock worth $892,000 after buying an additional 2,661 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Heico in the 2nd quarter worth $1,322,000. Finally, Steinberg Global Asset Management increased its holdings in shares of Heico by 4.2% in the 3rd quarter. Steinberg Global Asset Management now owns 20,432 shares of the aerospace company’s stock worth $1,835,000 after buying an additional 832 shares during the last quarter. 20.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Heico (NYSE:HEI) opened at $80.64 on Tuesday. Heico has a 52 week low of $50.94 and a 52 week high of $85.47. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8,518.00, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78.
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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.
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