SunTrust Banks Comments on Heico Corp’s Q1 2018 Earnings (HEI)

Heico Corp (NYSE:HEI) – Stock analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for Heico in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli forecasts that the aerospace company will earn $0.53 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $116.00 price target on the stock. SunTrust Banks also issued estimates for Heico’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at $2.40 EPS and FY2019 earnings at $2.71 EPS.

Heico (NYSE:HEI) last released its earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The firm had revenue of $421.22 million during the quarter, compared to analyst estimates of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. Heico’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share.

A number of other research firms have also issued reports on HEI. Stephens set a $104.00 target price on Heico and gave the company a “hold” rating in a report on Monday, December 18th. Credit Suisse Group reiterated an “outperform” rating and issued a $109.00 target price (up from $98.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Canaccord Genuity raised their price target on Heico from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.78.

Heico (HEI) traded up $0.98 during trading hours on Friday, reaching $97.10. The company had a trading volume of 185,234 shares, compared to its average volume of 290,897. The stock has a market capitalization of $8,117.81, a price-to-earnings ratio of 45.12, a PEG ratio of 3.47 and a beta of 0.73. Heico has a 52-week low of $60.00 and a 52-week high of $101.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 2.53.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be paid a $0.07 dividend. This represents a yield of 0.15%. The ex-dividend date is Tuesday, January 2nd. Heico’s dividend payout ratio is presently 6.51%.

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. raised its stake in Heico by 24.7% in the second quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after buying an additional 502 shares in the last quarter. Ironwood Investment Counsel LLC acquired a new stake in shares of Heico during the third quarter worth about $201,000. RKL Wealth Management LLC acquired a new stake in shares of Heico during the third quarter worth about $201,000. Comerica Bank acquired a new stake in shares of Heico during the second quarter worth about $209,000. Finally, Virtu KCG Holdings LLC increased its position in shares of Heico by 24.0% during the second quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 639 shares in the last quarter. Institutional investors own 26.93% of the company’s stock.

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Heico 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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Earnings History and Estimates for Heico (NYSE:HEI)

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