HEICO (NYSE:HEI) Posts Earnings Results, Beats Expectations By $0.01 EPS

HEICO (NYSE:HEIGet Rating) announced its quarterly earnings results on Monday. The aerospace company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01, MarketWatch Earnings reports. HEICO had a net margin of 16.54% and a return on equity of 14.22%. During the same period in the prior year, the business posted $0.51 earnings per share.

Shares of NYSE:HEI opened at $134.50 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.56 and a quick ratio of 1.72. The business has a 50 day simple moving average of $145.68 and a two-hundred day simple moving average of $144.14. HEICO has a 1 year low of $122.94 and a 1 year high of $159.29. The firm has a market capitalization of $18.28 billion, a PE ratio of 57.97, a price-to-earnings-growth ratio of 4.45 and a beta of 1.13.

Separately, StockNews.com raised HEICO from a “hold” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $152.17.

In other news, Director Alan Schriesheim sold 24,000 shares of the company’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $125.77, for a total value of $3,018,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter sold 500 shares of HEICO stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $122.58, for a total transaction of $61,290.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,365 shares of company stock worth $7,215,709. Company insiders own 8.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC World Markets Inc. raised its holdings in shares of HEICO by 7.1% in the 4th quarter. CIBC World Markets Inc. now owns 2,550 shares of the aerospace company’s stock valued at $368,000 after purchasing an additional 168 shares in the last quarter. IHT Wealth Management LLC raised its stake in HEICO by 10.4% in the first quarter. IHT Wealth Management LLC now owns 4,251 shares of the aerospace company’s stock worth $653,000 after buying an additional 400 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in HEICO by 3.2% during the first quarter. Advisors Asset Management Inc. now owns 19,006 shares of the aerospace company’s stock worth $2,918,000 after buying an additional 595 shares during the period. Paradigm Financial Partners LLC bought a new stake in HEICO during the 4th quarter valued at $201,000. Finally, Synovus Financial Corp bought a new position in shares of HEICO in the 4th quarter worth $216,000. 26.67% of the stock is owned by institutional investors and hedge funds.

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.

See Also

Earnings History for HEICO (NYSE:HEI)

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