Heico (NYSE:HEI.A) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Heico (NYSE:HEI.A) announced its quarterly earnings data on Thursday. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13, Zacks reports. Heico had a net margin of 14.96% and a return on equity of 16.29%.

Heico Stock Performance

Shares of Heico stock traded up $0.25 on Thursday, reaching $240.54. 393,594 shares of the company traded hands, compared to its average volume of 231,441. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The firm has a market capitalization of $33.49 billion, a PE ratio of 52.63 and a beta of 1.08. The company has a 50 day moving average of $244.65 and a 200 day moving average of $247.12. Heico has a 52 week low of $174.82 and a 52 week high of $264.71.

Insider Activity at Heico

In related news, Director Julie Neitzel acquired 676 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the transaction, the director owned 676 shares in the company, valued at approximately $164,896.68. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol F. Fine bought 672 shares of the company’s stock in a transaction on Friday, October 10th. The shares were bought at an average price of $243.93 per share, with a total value of $163,920.96. Following the completion of the transaction, the director owned 672 shares of the company’s stock, valued at $163,920.96. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,448 shares of company stock worth $1,086,933 in the last 90 days. 9.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HEI.A. CJS Securities upgraded Heico to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research raised shares of Heico to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.