$532.19 Million in Sales Expected for HEICO Co. (NYSE:HEI) This Quarter

Equities analysts expect HEICO Co. (NYSE:HEI – Get Rating) to announce $532.19 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for HEICO’s earnings, with the highest sales estimate coming in at $540.21 million and the lowest estimate coming in at $524.57 million. HEICO posted sales of $466.65 million during the same quarter last year, which suggests a positive year over year growth rate of 14%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that HEICO will report full year sales of $2.14 billion for the current financial year, with estimates ranging from $2.12 billion to $2.17 billion. For the next fiscal year, analysts expect that the business will post sales of $2.36 billion, with estimates ranging from $2.32 billion to $2.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for HEICO.

HEICO (NYSE:HEI – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The aerospace company reported $0.63 EPS for the quarter, beating 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 company had revenue of $490.30 million during the quarter, compared to analysts’ expectations of $493.52 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. HEICO’s revenue for the quarter was up 17.3% on a year-over-year basis.

HEI has been the subject of a number of recent analyst reports. Truist Financial upgraded shares of HEICO from a “hold” rating to a “buy” rating in a report on Friday, January 7th. StockNews.com lowered shares of HEICO from a “buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $152.17.

In other news, Director Frank J. Schwitter sold 500 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 24,000 shares of the company’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $125.77, for a total transaction of $3,018,480.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,365 shares of company stock worth $7,215,709. Company insiders own 8.27% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HEI. JJJ Advisors Inc. grew its holdings in shares of HEICO by 76.1% in the fourth quarter. JJJ Advisors Inc. now owns 199 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 86 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in shares of HEICO in the first quarter worth about $121,000. Newfound Research LLC grew its holdings in shares of HEICO by 8.1% in the fourth quarter. Newfound Research LLC now owns 920 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 69 shares during the last quarter. Belpointe Asset Management LLC bought a new position in HEICO during the 1st quarter worth about $147,000. Finally, Paradigm Financial Partners LLC bought a new position in HEICO during the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

HEI stock opened at $140.50 on Wednesday. HEICO has a one year low of $122.94 and a one year high of $159.29. The stock has a market cap of $19.09 billion, a PE ratio of 60.56, a P/E/G ratio of 4.73 and a beta of 1.13. The firm has a 50 day simple moving average of $148.68 and a two-hundred day simple moving average of $144.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.56 and a quick ratio of 1.72.

HEICO Company Profile (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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