HEICO (HEI) to Release Quarterly Earnings on Wednesday

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

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

HEICO Stock Performance

Shares of HEI opened at $225.90 on Monday. HEICO has a 1 year low of $182.47 and a 1 year high of $283.60. The company’s 50 day simple moving average is $234.43 and its 200 day simple moving average is $249.69. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO Dividend Announcement

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

Analysts Set New Price Targets

HEI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp started coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $270.20.

HEICO Company Profile

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.