Heico Corp. (HEI) Sees Unusually-High Trading Volume
Heico Corp. (NYSE:HEI) saw unusually-strong trading volume on Tuesday . Approximately 169,881 shares changed hands during trading, an increase of 29% from the previous session’s volume of 131,507 shares.The stock last traded at $67.24 and had previously closed at $65.52.
Several equities analysts recently weighed in on HEI shares. Zacks Investment Research downgraded Heico Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Canaccord Genuity restated a “buy” rating on shares of Heico Corp. in a research report on Thursday, May 19th. Finally, Jefferies Group restated a “hold” rating on shares of Heico Corp. in a research report on Sunday, May 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.67.
The stock has a market cap of $4.54 billion and a PE ratio of 32.26. The stock has a 50 day moving average of $65.79 and a 200 day moving average of $60.68.
Heico Corp. (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $291.40 million. During the same period in the previous year, the company posted $0.49 EPS. The business’s quarterly revenue was up 20.3% on a year-over-year basis. Equities analysts anticipate that Heico Corp. will post $2.15 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were paid a dividend of $0.08 per share. This represents a dividend yield of 0.24%. The ex-dividend date was Thursday, June 30th.
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.