Heico Corp. (HEI) Hits New 1-Year High at $72.76
Shares of Heico Corp. (NYSE:HEI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $72.76 and last traded at $72.58, with a volume of 36,563 shares traded. The stock had previously closed at $72.57.
HEI has been the topic of several analyst reports. Zacks Investment Research raised Heico Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, May 27th. Canaccord Genuity reissued a “buy” rating on shares of Heico Corp. in a report on Thursday, May 26th. Finally, Jefferies Group reissued a “hold” rating on shares of Heico Corp. in a report on Sunday, May 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Heico Corp. currently has a consensus rating of “Hold” and a consensus price target of $65.67.
The firm’s 50 day moving average is $68.23 and its 200-day moving average is $62.51. The firm has a market cap of $4.92 billion and a price-to-earnings ratio of 34.92.
Heico Corp. (NYSE:HEI) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business 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 prior year, the firm posted $0.49 EPS. 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. Shareholders of record on Tuesday, July 5th were paid 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.