Heico Corporation to Post FY2017 Earnings of $2.11 Per Share, Seaport Global Securities Forecasts (HEI)
Heico Corporation (NYSE:HEI) – Equities research analysts at Seaport Global Securities issued their FY2017 earnings per share (EPS) estimates for shares of Heico Corporation in a research note issued to investors on Tuesday. Seaport Global Securities analyst J. Sullivan anticipates that the aerospace company will post earnings of $2.11 per share for the year. Seaport Global Securities has a “Neutral” rating and a $90.00 price objective on the stock. Seaport Global Securities also issued estimates for Heico Corporation’s Q4 2017 earnings at $0.59 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at $2.38 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.65 EPS and FY2019 earnings at $2.55 EPS.
Heico Corporation (NYSE:HEI) last posted its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $391.50 million for the quarter, compared to analysts’ expectations of $390.55 million. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. Heico Corporation’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. ILLEGAL ACTIVITY WARNING: “Heico Corporation to Post FY2017 Earnings of $2.11 Per Share, Seaport Global Securities Forecasts (HEI)” was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/16/heico-corporation-to-post-fy2017-earnings-of-2-11-per-share-seaport-global-securities-forecasts-hei.html.
HEI has been the topic of several other reports. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 price target on shares of Heico Corporation in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Thursday. Bank of America Corporation upgraded shares of Heico Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $75.00 to $95.00 in a research report on Tuesday, August 29th. Canaccord Genuity raised their price objective on shares of Heico Corporation from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of Heico Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Heico Corporation has an average rating of “Hold” and a consensus target price of $90.89.
Shares of Heico Corporation (HEI) opened at 84.57 on Thursday. The company has a 50 day moving average of $84.21 and a 200-day moving average of $75.11. The company has a market cap of $7.14 billion, a PE ratio of 41.42 and a beta of 0.76. Heico Corporation has a 12-month low of $52.56 and a 12-month high of $87.36.
Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Heico Corporation by 23.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock valued at $106,000 after purchasing an additional 283 shares during the period. Brown Advisory Securities LLC bought a new stake in shares of Heico Corporation during the 1st quarter valued at $202,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Heico Corporation during the 1st quarter valued at $202,000. EFG Asset Management Americas Corp. bought a new stake in shares of Heico Corporation during the 1st quarter valued at $216,000. Finally, D.A. Davidson & CO. raised its position in shares of Heico Corporation by 24.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 502 shares during the period. Hedge funds and other institutional investors own 26.40% of the company’s stock.
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.
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