Brokerages predict that Heico Corp (NYSE:HEI) will post $513.73 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Heico’s earnings. The lowest sales estimate is $509.40 million and the highest is $521.53 million. Heico posted sales of $465.83 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The company is expected to issue its next quarterly earnings report on Monday, August 26th.

On average, analysts expect that Heico will report full-year sales of $2.01 billion for the current financial year, with estimates ranging from $2.01 billion to $2.03 billion. For the next financial year, analysts expect that the business will report sales of $2.18 billion, with estimates ranging from $2.13 billion to $2.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Heico.

Heico (NYSE:HEI) last posted its earnings results on Tuesday, May 28th. The aerospace company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. The company had revenue of $515.60 million for the quarter, compared to the consensus estimate of $480.17 million. Heico had a return on equity of 18.31% and a net margin of 15.36%. Heico’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share.

Several analysts have recently issued reports on HEI shares. Bank of America set a $97.00 price objective on Merck & Co., Inc. and gave the company a “buy” rating in a research report on Thursday, July 11th. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Robert W. Baird started coverage on Falcon Minerals in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $7.35 price objective on the stock. UBS Group upped their price objective on Spotify Technology from $180.00 to $182.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Heico has a consensus rating of “Buy” and an average target price of $113.50.

HEI traded down $1.15 during trading on Monday, reaching $138.68. 347,505 shares of the stock were exchanged, compared to its average volume of 467,597. The stock’s 50 day moving average price is $132.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.20 and a quick ratio of 1.56. The firm has a market capitalization of $18.56 billion, a P/E ratio of 76.62, a price-to-earnings-growth ratio of 4.47 and a beta of 0.70. Heico has a 1 year low of $71.47 and a 1 year high of $140.31.

The firm also recently announced a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 28th. Heico’s dividend payout ratio (DPR) is presently 7.73%.

In related news, CAO Steven M. Walker sold 4,200 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $103.00, for a total transaction of $432,600.00. Following the transaction, the chief accounting officer now directly owns 2,062 shares in the company, valued at $212,386. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark H. Hildebrandt bought 963 shares of Heico stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $103.34 per share, for a total transaction of $99,516.42. The disclosure for this purchase can be found here. Insiders have sold 167,473 shares of company stock worth $16,698,107 over the last quarter. 9.23% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA lifted its position in Heico by 7.8% during the first quarter. Federated Investors Inc. PA now owns 829,546 shares of the aerospace company’s stock worth $78,699,000 after buying an additional 59,748 shares during the period. Thoroughbred Financial Services LLC increased its stake in Heico by 10,711.5% during the second quarter. Thoroughbred Financial Services LLC now owns 329,858 shares of the aerospace company’s stock worth $32,986,000 after acquiring an additional 326,807 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Heico by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 173,597 shares of the aerospace company’s stock worth $13,450,000 after acquiring an additional 607 shares during the last quarter. Navellier & Associates Inc increased its stake in Heico by 1.8% during the second quarter. Navellier & Associates Inc now owns 110,212 shares of the aerospace company’s stock worth $14,748,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Heico by 126.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 97,958 shares of the aerospace company’s stock worth $9,293,000 after acquiring an additional 54,696 shares during the last quarter. Hedge funds and other institutional investors own 24.47% of the company’s stock.

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. 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.

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Earnings History and Estimates for Heico (NYSE:HEI)

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