HEICO (NYSE:HEI - Get Free Report) posted its quarterly earnings results on Wednesday. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.27, Zacks reports. The company 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 Stock Up 2.2 %
Shares of HEI stock traded up $5.73 on Friday, hitting $264.75. The stock had a trading volume of 1,049,002 shares, compared to its average volume of 599,474. HEICO has a 52-week low of $182.47 and a 52-week high of $283.60. The firm has a market capitalization of $36.76 billion, a price-to-earnings ratio of 72.34, a P/E/G ratio of 3.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock's 50 day moving average is $233.88 and its 200-day moving average is $249.83.
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 given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO's payout ratio is currently 5.45%.
Wall Street Analyst Weigh In
HEI has been the topic of several research reports. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, HEICO presently has an average rating of "Moderate Buy" and a consensus price target of $270.20.
Read Our Latest Analysis on HEICO
About HEICO
(
Get Free Report)
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.
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