Analysts Expect HEICO Co. (NYSE:HEI) to Post $0.61 Earnings Per Share

Equities research analysts expect HEICO Co. (NYSE:HEIGet Rating) to post earnings of $0.61 per share for the current quarter, according to Zacks. Three analysts have made estimates for HEICO’s earnings, with estimates ranging from $0.60 to $0.62. HEICO posted earnings of $0.51 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that HEICO will report full year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.66. For the next year, analysts expect that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $2.75 to $3.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover HEICO.

HEICO (NYSE:HEIGet Rating) last announced its earnings results on Wednesday, February 23rd. The aerospace company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. HEICO had a net margin of 16.54% and a return on equity of 14.22%. The business had revenue of $490.30 million during the quarter, compared to the consensus estimate of $493.52 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.

Several equities research analysts have recently weighed in on HEI shares. StockNews.com upgraded shares of HEICO from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial upgraded shares of HEICO from a “hold” rating to a “buy” rating in a research report on Friday, January 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, HEICO has a consensus rating of “Buy” and an average price target of $153.29.

In other HEICO news, Director Frank J. Schwitter sold 500 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $122.58, for a total value of $61,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 12,865 shares of the stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $126.82, for a total transaction of $1,631,539.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,365 shares of company stock valued at $7,215,709. 8.27% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital World Investors increased its stake in shares of HEICO by 15.1% during the 4th quarter. Capital World Investors now owns 3,481,181 shares of the aerospace company’s stock worth $502,056,000 after purchasing an additional 456,514 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of HEICO by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 727,403 shares of the aerospace company’s stock worth $95,923,000 after purchasing an additional 5,225 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of HEICO by 9.1% during the 4th quarter. Peregrine Capital Management LLC now owns 411,217 shares of the aerospace company’s stock worth $59,306,000 after purchasing an additional 34,384 shares in the last quarter. Jennison Associates LLC increased its stake in shares of HEICO by 31.1% during the 4th quarter. Jennison Associates LLC now owns 377,179 shares of the aerospace company’s stock worth $54,397,000 after purchasing an additional 89,554 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of HEICO by 24.4% during the 4th quarter. Loomis Sayles & Co. L P now owns 297,164 shares of the aerospace company’s stock worth $42,857,000 after purchasing an additional 58,194 shares in the last quarter. 26.05% of the stock is owned by institutional investors and hedge funds.

Shares of HEI traded down $1.66 during mid-day trading on Monday, hitting $147.79. 233,052 shares of the company’s stock were exchanged, compared to its average volume of 347,895. HEICO has a fifty-two week low of $122.94 and a fifty-two week high of $159.29. The firm has a market capitalization of $20.08 billion, a P/E ratio of 63.70, a P/E/G ratio of 4.97 and a beta of 1.13. The business’s 50 day moving average is $147.49 and its two-hundred day moving average is $143.67. The company has a current ratio of 3.56, a quick ratio of 1.72 and a debt-to-equity ratio of 0.10.

About HEICO (Get Rating)

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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