Heico Corp. (HEI) Hits New 1-Year High at $69.35
Shares of Heico Corp. (NYSE:HEI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $69.35 and last traded at $69.34, with a volume of 105,551 shares. The stock had previously closed at $67.75.
Several analysts recently commented on the company. Jefferies Group reaffirmed a “hold” rating on shares of Heico Corp. in a report on Sunday, May 29th. Zacks Investment Research lowered Heico Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Heico Corp. in a report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Heico Corp. has an average rating of “Buy” and a consensus target price of $65.67.
The stock has a 50 day moving average price of $65.79 and a 200 day moving average price of $60.68. The stock has a market cap of $4.67 billion and a PE ratio of 33.19.
Heico Corp. (NYSE:HEI) last posted its earnings results on Wednesday, May 25th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm earned $350.30 million during the quarter, compared to analysts’ expectations of $291.40 million. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts predict that Heico Corp. will post $2.15 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a $0.08 dividend. 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.
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