Heico Corp. (HEI) Reaches New 1-Year High at $72.76
Heico Corp. (NYSE:HEI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.76 and last traded at $72.58, with a volume of 36,563 shares changing hands. The stock had previously closed at $72.57.
A number of research analysts have recently issued reports on HEI shares. Zacks Investment Research downgraded 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Heico Corp. presently has an average rating of “Hold” and an average target price of $65.67.
The firm’s 50-day moving average price is $67.70 and its 200-day moving average price is $62.31. The stock has a market cap of $4.89 billion and a P/E ratio of 34.75.
Heico Corp. (NYSE:HEI) last issued its earnings results on Wednesday, May 25th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. During the same period last year, the firm earned $0.49 earnings per share. The firm had revenue of $350.30 million for the quarter, compared to the consensus estimate of $291.40 million. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts forecast that Heico Corp. will post $2.15 EPS for the current year.
The business also recently declared a semiannual dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a $0.08 dividend. The ex-dividend date of this dividend 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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