Heico Corp. (HEI) Sets New 1-Year High at $71.00
Heico Corp. (NYSE:HEI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $71.00 and last traded at $70.99, with a volume of 100,217 shares trading hands. The stock had previously closed at $70.60.
HEI has been the topic of several research reports. Zacks Investment Research cut Heico Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Canaccord Genuity restated a “buy” rating on shares of Heico Corp. in a research note on Thursday, May 19th. Finally, Jefferies Group restated a “hold” rating on shares of Heico Corp. in a research note on Sunday, May 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $65.67.
The stock has a market cap of $4.76 billion and a PE ratio of 33.80. The company’s 50 day moving average is $67.11 and its 200-day moving average is $61.87.
Heico Corp. (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The company earned $350.30 million during the quarter, compared to analyst estimates of $291.40 million. During the same period in the previous year, the company posted $0.49 EPS. The company’s quarterly revenue was up 20.3% on a year-over-year basis. On average, equities analysts expect that Heico Corp. will post $2.15 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were paid a $0.08 dividend. The ex-dividend date was Thursday, June 30th. This represents a dividend yield of 0.24%.
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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