FY2023 Earnings Estimate for HEICO Co. Issued By Zacks Research (NYSE:HEI)

HEICO Co. (NYSE:HEI) – Equities research analysts at Zacks Research lowered their FY2023 earnings per share (EPS) estimates for HEICO in a research note issued to investors on Monday, September 11th. Zacks Research analyst A. Dutta now expects that the aerospace company will post earnings of $2.89 per share for the year, down from their previous forecast of $2.93. The consensus estimate for HEICO’s current full-year earnings is $2.90 per share. Zacks Research also issued estimates for HEICO’s Q4 2023 earnings at $0.72 EPS, Q2 2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.93 EPS and FY2025 earnings at $3.57 EPS.

HEICO (NYSE:HEI) last released its quarterly earnings results on Tuesday, August 29th. The aerospace company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $722.90 million during the quarter, compared to analysts’ expectations of $701.55 million. HEICO had a net margin of 15.05% and a return on equity of 14.30%. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS.

Several other research firms have also recently issued reports on HEI. StockNews.com initiated coverage on HEICO in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America lifted their target price on shares of HEICO from $190.00 to $220.00 in a research report on Tuesday, June 13th. Vertical Research raised shares of HEICO from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research report on Tuesday, May 30th. Benchmark raised their target price on HEICO from $170.00 to $185.00 in a research report on Wednesday, August 30th. Finally, Robert W. Baird increased their price target on shares of HEICO from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.40.

HEICO Price Performance

Shares of NYSE HEI opened at $163.87 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.03 and a quick ratio of 1.38. HEICO has a 1 year low of $138.82 and a 1 year high of $182.18. The stock has a market capitalization of $22.45 billion, a P/E ratio of 57.10, a P/E/G ratio of 4.43 and a beta of 1.18. The company’s 50-day moving average is $171.19 and its 200 day moving average is $169.63.

Institutional Trading of HEICO

A number of institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its position in HEICO by 3.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,363,157 shares of the aerospace company’s stock worth $209,434,000 after purchasing an additional 40,452 shares during the period. Riverbridge Partners LLC boosted its position in HEICO by 3.9% in the 2nd quarter. Riverbridge Partners LLC now owns 1,198,169 shares of the aerospace company’s stock valued at $212,004,000 after buying an additional 44,873 shares during the period. Select Equity Group L.P. purchased a new stake in HEICO in the 1st quarter valued at about $85,710,000. Federated Hermes Inc. boosted its position in HEICO by 4.3% in the 1st quarter. Federated Hermes Inc. now owns 362,502 shares of the aerospace company’s stock valued at $62,002,000 after buying an additional 14,997 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in HEICO by 336.7% during the 1st quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock valued at $59,584,000 after purchasing an additional 268,584 shares in the last quarter. 27.77% of the stock is currently owned by institutional investors.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services. 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.