HEICO (NYSE:HEI - Get Free Report) issued its earnings results on Wednesday. The aerospace company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.27, Zacks reports. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million.
HEICO Stock Up 2.2 %
NYSE HEI traded up $5.73 on Friday, hitting $264.75. 1,049,002 shares of the stock were exchanged, compared to its average volume of 599,474. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The company has a 50-day moving average price of $233.88 and a 200-day moving average price of $249.83. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market cap of $36.76 billion, a PE ratio of 72.34, a PEG ratio of 3.10 and a beta of 1.29.
HEICO Announces Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO's dividend payout ratio is currently 5.45%.
Analyst Ratings Changes
A number of equities analysts recently commented on HEI shares. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $270.20.
Check Out Our Latest Report on HEI
About HEICO
(
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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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