Heico Corporation (NYSE:HEI) – Equities researchers at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for shares of Heico Corporation in a research report issued on Thursday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings of $2.14 per share for the year, up from their prior forecast of $2.12. SunTrust Banks also issued estimates for Heico Corporation’s Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.37 EPS and FY2019 earnings at $2.57 EPS.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Heico Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, May 30th. Canaccord Genuity restated a “buy” rating and issued a $80.00 price target on shares of Heico Corporation in a research report on Monday, May 22nd. BidaskClub cut Heico Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Deutsche Bank AG cut Heico Corporation from a “buy” rating to a “hold” rating and upped their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $75.00 price target on shares of Heico Corporation in a research report on Monday, June 26th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $85.00.
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Heico Corporation (HEI) opened at 83.35 on Friday. Heico Corporation has a 12-month low of $52.56 and a 12-month high of $87.36. The firm has a 50 day moving average of $80.81 and a 200 day moving average of $72.86. The firm has a market capitalization of $7.03 billion, a P/E ratio of 40.82 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last released its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Heico Corporation had a net margin of 12.04% and a return on equity of 15.94%. The firm had revenue of $391.50 million for the quarter, compared to the consensus estimate of $390.55 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
Several large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in Heico Corporation by 23.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock valued at $106,000 after buying an additional 283 shares during the last quarter. Brown Advisory Securities LLC bought a new stake in Heico Corporation during the first quarter valued at about $202,000. Cambridge Investment Research Advisors Inc. bought a new stake in Heico Corporation during the first quarter valued at about $202,000. EFG Asset Management Americas Corp. bought a new stake in Heico Corporation during the first quarter valued at about $216,000. Finally, D.A. Davidson & CO. raised its stake in Heico Corporation 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 during the last quarter. 23.05% of the stock is owned by institutional investors and hedge funds.
Heico Corporation 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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