Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Heico Corporation (HEI) Stock Price
Media headlines about Heico Corporation (NYSE:HEI) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heico Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.9763693255093 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Heico Corporation (HEI) opened at $89.31 on Friday. The company has a market capitalization of $7,542.68, a P/E ratio of 44.04, a PEG ratio of 4.09 and a beta of 0.74. Heico Corporation has a fifty-two week low of $59.94 and a fifty-two week high of $93.00. The company has a current ratio of 2.89, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36.
Heico Corporation (NYSE:HEI) last issued its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $391.50 million during the quarter, compared to the consensus estimate of $390.55 million. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. sell-side analysts predict that Heico Corporation will post 2.11 EPS for the current fiscal year.
Several equities analysts have recently commented on HEI shares. Zacks Investment Research lowered Heico Corporation from a “buy” rating to a “hold” rating in a report on Saturday, September 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 target price (up from $75.00) on shares of Heico Corporation in a report on Thursday, August 24th. Deutsche Bank AG lowered Heico Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $80.00 to $86.00 in a report on Wednesday, August 16th. BidaskClub lowered Heico Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $98.00 target price (up from $85.00) on shares of Heico Corporation in a report on Tuesday, August 29th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.67.
In other Heico Corporation news, Director Mark H. Hildebrandt acquired 1,316 shares of Heico Corporation stock in a transaction dated Thursday, October 5th. The stock was acquired at an average cost of $76.13 per share, for a total transaction of $100,187.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Irwin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the transaction, the vice president now owns 31,110 shares of the company’s stock, valued at $2,373,070.80. The disclosure for this sale can be found here. Insiders own 9.76% of the company’s stock.
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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