Heico (NYSE:HEI) issued its quarterly earnings data on Tuesday, May 29th. The aerospace company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03, Briefing.com reports. Heico had a net margin of 13.60% and a return on equity of 15.22%. The company had revenue of $430.60 million for the quarter, compared to the consensus estimate of $426.47 million. During the same period last year, the firm posted $0.53 EPS. Heico’s revenue for the quarter was up 16.8% on a year-over-year basis.
Shares of Heico traded down $0.40, hitting $94.33, during midday trading on Wednesday, according to MarketBeat Ratings. The company had a trading volume of 3,422 shares, compared to its average volume of 303,490. The company has a quick ratio of 1.36, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. Heico has a twelve month low of $56.47 and a twelve month high of $97.32. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 56.06, a price-to-earnings-growth ratio of 3.45 and a beta of 0.68.
Shares of Heico are going to split on the morning of Thursday, June 28th. The 5-4 split was announced on Tuesday, June 12th. The newly created shares will be distributed to shareholders after the market closes on Wednesday, June 27th.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 19th. Investors of record on Wednesday, July 11th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, July 10th. Heico’s dividend payout ratio (DPR) is 8.28%.
Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Canaccord Genuity raised their target price on shares of Heico from $88.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. SunTrust Banks restated a “buy” rating on shares of Heico in a research note on Thursday, March 1st. ValuEngine upgraded shares of Heico from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $97.00 price objective (up previously from $87.20) on shares of Heico in a research note on Thursday, March 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.73.
In other Heico news, Director Alan Schriesheim sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $87.83, for a total transaction of $175,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurans A. Mendelson sold 5,100 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $73.16, for a total transaction of $373,116.00. The disclosure for this sale can be found here. Insiders have sold a total of 143,964 shares of company stock valued at $10,945,268 over the last 90 days. 9.88% of the stock is currently owned by insiders.
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 for aerospace and industrial original equipment manufacturers, and the United States government.
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