Heico (NYSE:HEI) Announces Earnings Results, Beats Expectations By $0.09 EPS

Heico (NYSE:HEI) announced its earnings results on Wednesday. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09, Zacks reports. Heico had a net margin of 15.39% and a return on equity of 16.80%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.20 earnings per share. Heico’s revenue for the quarter was up 14.4% on a year-over-year basis.

Heico Trading Down 13.2%

Shares of Heico stock traded down $45.36 on Thursday, hitting $299.36. The stock had a trading volume of 483,918 shares, compared to its average volume of 474,794. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. Heico has a one year low of $229.07 and a one year high of $361.69. The stock’s 50-day simple moving average is $337.49 and its two-hundred day simple moving average is $322.81. The stock has a market cap of $41.72 billion, a price-to-earnings ratio of 60.84, a PEG ratio of 3.87 and a beta of 1.01.

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were paid a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio is 4.89%.

Institutional Investors Weigh In On Heico

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in Heico during the 4th quarter valued at about $257,000. DSM Capital Partners LLC bought a new stake in shares of Heico in the 4th quarter worth approximately $248,000. Vise Technologies Inc. increased its stake in shares of Heico by 17.3% during the fourth quarter. Vise Technologies Inc. now owns 765 shares of the aerospace company’s stock valued at $248,000 after buying an additional 113 shares during the period. PCM Encore LLC bought a new position in shares of Heico during the fourth quarter valued at approximately $220,000. Finally, Abel Hall LLC purchased a new stake in Heico in the fourth quarter worth $216,000. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna started coverage on shares of Heico in a research report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price objective on the stock. Stifel Nicolaus set a $370.00 target price on Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. BNP Paribas Exane set a $330.00 price target on Heico in a research note on Tuesday, November 18th. Citigroup reiterated a “buy” rating and issued a $415.00 price objective (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Finally, UBS Group reissued a “neutral” rating and set a $371.00 price objective (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.