Zacks: Brokerages Expect HEICO Co. (NYSE:HEI) to Post $0.61 EPS

Wall Street analysts expect HEICO Co. (NYSE:HEIGet Rating) to announce earnings per share (EPS) of $0.61 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for HEICO’s earnings, with estimates ranging from $0.60 to $0.62. HEICO reported earnings per share of $0.51 during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.6%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that HEICO will report full year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.66. For the next financial year, analysts expect that the business will post earnings of $2.95 per share, with EPS estimates ranging from $2.75 to $3.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for HEICO.

HEICO (NYSE:HEIGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The aerospace company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $493.52 million. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis.

Separately, upgraded shares of HEICO from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $152.17.

In related news, Director Alan Schriesheim sold 24,000 shares of HEICO stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $125.77, for a total value of $3,018,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurans A. Mendelson purchased 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was purchased at an average price of $124.98 per share, with a total value of $149,976.00. The disclosure for this purchase can be found here. Insiders sold 57,365 shares of company stock valued at $7,215,709 in the last 90 days. Company insiders own 8.27% of the company’s stock.

A number of institutional investors have recently modified their holdings of HEI. Lazard Asset Management LLC lifted its position in shares of HEICO by 3,192.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,138,939 shares of the aerospace company’s stock worth $174,872,000 after buying an additional 1,104,351 shares during the last quarter. Capital World Investors lifted its position 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 buying an additional 456,514 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of HEICO during the 4th quarter worth approximately $37,244,000. Wellington Management Group LLP purchased a new stake in shares of HEICO during the 1st quarter worth approximately $35,606,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of HEICO during the 3rd quarter worth approximately $14,334,000. Institutional investors own 26.67% of the company’s stock.

Shares of HEI traded down $0.65 during trading on Friday, reaching $132.28. 328,352 shares of the company traded hands, compared to its average volume of 303,437. HEICO has a twelve month low of $122.94 and a twelve month high of $159.29. The stock has a market cap of $17.97 billion, a PE ratio of 57.02, a price-to-earnings-growth ratio of 4.45 and a beta of 1.13. The stock has a 50-day simple moving average of $145.91 and a 200-day simple moving average of $144.18. The company has a quick ratio of 1.72, a current ratio of 3.56 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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