HEICO (HEI) to Release Quarterly Earnings on Wednesday

HEICO (NYSE:HEI) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect HEICO to post earnings of $0.93 per share and revenue of $982.88 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, analysts expect HEICO to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

HEICO Trading Up 0.2 %

Shares of NYSE HEI opened at $225.90 on Monday. HEICO has a 12-month low of $182.47 and a 12-month high of $283.60. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 61.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $234.43 and its 200 day simple moving average is $249.69.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s payout ratio is 6.01%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HEI shares. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.20.

About HEICO

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