Heico Corp. (HEI) Sets New 1-Year High at $69.35
Shares of Heico Corp. (NYSE:HEI) hit a new 52-week high on Wednesday . The stock traded as high as $69.35 and last traded at $69.34, with a volume of 105,551 shares trading hands. The stock had previously closed at $67.75.
Several research firms have recently commented on HEI. Zacks Investment Research lowered Heico Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Canaccord Genuity reaffirmed a “buy” rating on shares of Heico Corp. in a report on Thursday, May 19th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Heico Corp. in a report on Sunday, May 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.67.
The stock has a 50-day moving average of $65.92 and a 200 day moving average of $60.80. The firm has a market capitalization of $4.62 billion and a price-to-earnings ratio of 32.78.
Heico Corp. (NYSE:HEI) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $350.30 million for the quarter, compared to the consensus estimate of $291.40 million. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue was up 20.3% on a year-over-year basis. Analysts anticipate that Heico Corp. will post $2.15 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a dividend of $0.08 per share. This represents a 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.
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