Somewhat Favorable News Coverage Somewhat Unlikely to Impact Heico Corporation (HEI) Stock Price
Media headlines about Heico Corporation (NYSE:HEI) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heico Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.2546291321379 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Heico Corporation (HEI) Downgraded by Deutsche Bank AG (americanbankingnews.com)
- Tenet Healthcare Corporation (THC) Position Decreased by Nisa Investment Advisors LLC (fishinghd.com)
- Heico Corporation (HEI) to Release Earnings on Wednesday (americanbankingnews.com)
- Tenet Healthcare Corp. (NYSE:THC) Sees Unusual Volume Mid-Session (techkenyot.com)
- Heico Corporation (HEI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
HEI has been the subject of a number of research reports. Zacks Investment Research raised Heico Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, June 27th. Canaccord Genuity raised their price objective on Heico Corporation from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $75.00 price objective on shares of Heico Corporation in a research note on Monday, June 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.00.
Shares of Heico Corporation (NYSE HEI) traded down 1.01% during midday trading on Wednesday, reaching $85.55. The company’s stock had a trading volume of 197,933 shares. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $87.36. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 42.54 and a beta of 0.76. The stock has a 50-day moving average price of $79.46 and a 200-day moving average price of $72.04.
Heico Corporation (NYSE:HEI) last announced its earnings results on Tuesday, May 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. Heico Corporation had a return on equity of 15.89% and a net margin of 12.08%. The firm had revenue of $368.70 million during the quarter, compared to analyst estimates of $368.78 million. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Heico Corporation will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a dividend yield of 0.22%. This is a positive change from Heico Corporation’s previous semiannual dividend of $0.07. Heico Corporation’s dividend payout ratio is currently 7.93%.
Heico Corporation Company Profile
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.
Receive News & Ratings for Heico Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corporation and related companies with MarketBeat.com's FREE daily email newsletter.