Somewhat Positive Media Coverage Somewhat Unlikely to Impact Heico Corporation (HEI) Stock Price
News articles about Heico Corporation (NYSE:HEI) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heico Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.9472325210765 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Heico Corporation (NYSE:HEI) Closed 10.0% Above Its 50 Day Average (highlightpress.com)
- Heico becomes dominant cargo securement supplier to Western Hemisphere (payloadasia.com)
- Heico Corp Up 34.6% Since SmarTrend Uptrend Call (HEI) (mysmartrend.com)
- See what the IHS Markit Score report has to say about Heico Corp. (finance.yahoo.com)
- Heico Corporation (NYSE:HEI) Stock Closed Significantly Above Its 50 Day Moving Average (highlightpress.com)
Several equities analysts have recently commented on HEI shares. Zacks Investment Research upgraded shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, May 30th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target on shares of Heico Corporation in a research report on Monday, May 22nd. Stephens started coverage on shares of Heico Corporation in a research report on Thursday, April 13th. They set an “equal weight” rating and a $87.00 price target for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $75.00 price target on shares of Heico Corporation in a research report on Monday, June 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.00.
Shares of Heico Corporation (NYSE:HEI) traded up 0.37% during trading on Friday, reaching $85.94. 159,715 shares of the company were exchanged. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $87.11. The stock has a 50-day moving average of $78.23 and a 200 day moving average of $71.44. The stock has a market capitalization of $7.25 billion, a P/E ratio of 42.73 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last issued its quarterly earnings data on Tuesday, May 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $368.70 million during the quarter, compared to analysts’ expectations of $368.78 million. Heico Corporation had a return on equity of 15.89% and a net margin of 12.08%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Heico Corporation will post $2.09 earnings per share for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, June 30th. This is a boost from Heico Corporation’s previous semiannual dividend of $0.07. This represents a dividend yield of 0.22%. Heico Corporation’s dividend payout ratio (DPR) is presently 7.93%.
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About Heico Corporation
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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