Heico Corp (NYSE:HEI) – Equities researchers at Jefferies Group upped their Q4 2018 earnings estimates for shares of Heico in a report issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $0.87 for the quarter, up from their previous estimate of $0.56. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Heico’s FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.15 EPS.
Other research analysts have also issued research reports about the company. Canaccord Genuity reissued a “buy” rating and set a $110.00 price objective (up previously from $95.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Zacks Investment Research raised Heico from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, September 14th. Credit Suisse Group reissued an “outperform” rating and set a $109.00 price objective (up previously from $98.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $104.00 price objective on Heico and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, SunTrust Banks boosted their price objective on Heico to $96.00 and gave the stock a “buy” rating in a report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.78.
Heico (NYSE:HEI) last posted its earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $421.22 million during the quarter, compared to analyst estimates of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank bought a new stake in Heico in the 2nd quarter worth approximately $209,000. Chicago Equity Partners LLC lifted its position in Heico by 25.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 6,237 shares of the aerospace company’s stock worth $448,000 after buying an additional 1,247 shares during the last quarter. Origin Asset Management LLP lifted its position in Heico by 25.0% in the 2nd quarter. Origin Asset Management LLP now owns 3,551 shares of the aerospace company’s stock worth $255,000 after buying an additional 710 shares during the last quarter. King Luther Capital Management Corp lifted its position in Heico by 15.9% in the 2nd quarter. King Luther Capital Management Corp now owns 14,233 shares of the aerospace company’s stock worth $1,022,000 after buying an additional 1,950 shares during the last quarter. Finally, Nicholas Company Inc. lifted its position in Heico by 22.3% in the 2nd quarter. Nicholas Company Inc. now owns 80,403 shares of the aerospace company’s stock worth $5,776,000 after buying an additional 14,683 shares during the last quarter. 26.93% of the stock is owned by institutional investors.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.07 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend is Tuesday, January 2nd. Heico’s payout ratio is 6.54%.
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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