Heico (NYSE:HEI.A) Announces Earnings Results, Beats Estimates By $0.13 EPS

Heico (NYSE:HEI.A) issued its quarterly earnings data on Thursday. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13, Zacks reports. Heico had a return on equity of 16.29% and a net margin of 14.96%.

Heico Stock Performance

Shares of NYSE HEI.A traded up $0.25 during trading hours on Thursday, hitting $240.54. 393,594 shares of the stock were exchanged, compared to its average volume of 231,441. The firm has a market capitalization of $33.49 billion, a P/E ratio of 52.63 and a beta of 1.08. Heico has a one year low of $174.82 and a one year high of $264.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The company’s 50 day moving average is $244.65 and its 200 day moving average is $247.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HEI.A shares. CJS Securities upgraded shares of Heico to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of Heico to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Insider Activity

In related news, Director Thomas M. Culligan acquired 676 shares of the stock in a transaction dated Friday, October 10th. The shares were acquired at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director owned 11,030 shares in the company, valued at approximately $2,690,547.90. The trade was a 6.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark H. Hildebrandt bought 400 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average price of $248.76 per share, with a total value of $99,504.00. Following the completion of the purchase, the director directly owned 1,181 shares of the company’s stock, valued at $293,785.56. This represents a 51.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 4,448 shares of company stock worth $1,086,933 over the last 90 days. Company insiders own 9.76% of the company’s stock.

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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.