HEICO (NYSE:HEI) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

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

HEICO Price Performance

NYSE HEI opened at $252.76 on Thursday. HEICO has a twelve month low of $182.47 and a twelve month high of $283.60. The stock has a market capitalization of $35.09 billion, a PE ratio of 68.30, a P/E/G ratio of 3.10 and a beta of 1.29. The stock has a 50-day simple moving average of $232.93 and a 200 day simple moving average of $249.45. 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 Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s dividend payout ratio is currently 6.01%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They set 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.