Heico (NYSE:HEI.A) Posts Earnings Results

Heico (NYSE:HEI.A) posted its quarterly earnings results on Tuesday. The company reported $1.67 earnings per share for the quarter, Zacks reports. Heico had a return on equity of 17.52% and a net margin of 16.08%.

Heico Stock Down 0.7%

NYSE HEI.A traded down $1.92 during mid-day trading on Tuesday, reaching $257.31. The stock had a trading volume of 309,091 shares, compared to its average volume of 317,301. The company has a fifty day moving average price of $257.11 and a 200 day moving average price of $239.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. Heico has a 1 year low of $199.35 and a 1 year high of $279.66. The stock has a market cap of $35.94 billion, a PE ratio of 45.95 and a beta of 1.08.

Insider Activity

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.76% of the stock is currently owned by insiders.

Heico Company Profile

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.