HEICO (NYSE:HEI) Issues Quarterly Earnings Results

HEICO (NYSE:HEI) announced its quarterly earnings data on Wednesday. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27, Zacks reports. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%.

HEICO Stock Up 11.1 %

NYSE HEI opened at $252.76 on Thursday. The stock’s 50 day simple moving average is $232.93 and its 200 day simple moving average is $249.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO has a one year low of $182.47 and a one year high of $283.60. The firm has a market cap of $35.09 billion, a PE ratio of 68.30, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29.

HEICO Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About HEICO

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.