Analysts Expect Heico Corp (HEI) Will Announce Earnings of $0.56 Per Share

Equities research analysts expect Heico Corp (NYSE:HEI) to post earnings per share of $0.56 for the current quarter, according to Zacks. Three analysts have issued estimates for Heico’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.55. Heico posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 22nd.

According to Zacks, analysts expect that Heico will report full year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.25 to $2.34. For the next year, analysts expect that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.20 to $2.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Heico.

Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, May 29th. The aerospace company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Heico had a return on equity of 15.22% and a net margin of 13.60%. The business had revenue of $430.60 million during the quarter, compared to the consensus estimate of $426.47 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year.

Several research analysts have issued reports on the company. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine raised Heico from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. SunTrust Banks reissued a “buy” rating on shares of Heico in a report on Thursday, March 1st. Canaccord Genuity lifted their price objective on Heico from $88.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $97.00 price objective (up previously from $87.20) on shares of Heico in a research note on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.73.

In related news, Director Frank J. Schwitter sold 2,500 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $69.35, for a total value of $173,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurans A. Mendelson sold 30,000 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $76.21, for a total value of $2,286,300.00. Following the completion of the sale, the chief executive officer now directly owns 740,910 shares of the company’s stock, valued at approximately $56,464,751.10. The disclosure for this sale can be found here. Insiders have sold 143,964 shares of company stock worth $10,945,268 in the last quarter. 9.88% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Heico by 790.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,452 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,289 shares in the last quarter. Captrust Financial Advisors purchased a new position in Heico in the fourth quarter valued at $129,000. BDO Wealth Advisors LLC purchased a new stake in Heico during the 1st quarter worth about $154,000. BB&T Securities LLC purchased a new stake in Heico during the 4th quarter worth about $205,000. Finally, IFP Advisors Inc lifted its holdings in Heico by 54.4% during the 1st quarter. IFP Advisors Inc now owns 2,442 shares of the aerospace company’s stock worth $212,000 after buying an additional 860 shares during the last quarter. 27.82% of the stock is owned by institutional investors and hedge funds.

Heico opened at $92.30 on Monday, according to Heico has a one year low of $56.47 and a one year high of $97.32. The stock has a market capitalization of $9.81 billion, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. The company has a quick ratio of 1.36, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

Shares of Heico are set to split on the morning of Thursday, June 28th. The 5-4 split was announced on Tuesday, June 12th. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, June 27th.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 19th. Shareholders of record on Wednesday, July 11th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 10th. Heico’s dividend payout ratio is currently 8.28%.

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 for aerospace and industrial original equipment manufacturers, and the United States government.

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Earnings History and Estimates for Heico (NYSE:HEI)

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