Zacks Research Weighs in on HEICO Co.'s FY2024 Earnings (NYSE:HEI)

HEICO Co. (NYSE:HEI - Free Report) - Research analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for HEICO in a report issued on Monday, September 16th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $3.61 for the year, up from their previous estimate of $3.53. The consensus estimate for HEICO's current full-year earnings is $3.63 per share. Zacks Research also issued estimates for HEICO's Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.25 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $1.16 EPS, Q3 2026 earnings at $1.15 EPS and FY2026 earnings at $4.65 EPS.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to analysts' expectations of $995.34 million. During the same period last year, the company posted $0.77 EPS. HEICO's revenue was up 37.3% on a year-over-year basis.

Other analysts also recently issued reports about the company. Benchmark reiterated a "buy" rating and set a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Morgan Stanley upgraded shares of HEICO from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $178.00 to $225.00 in a research note on Tuesday, June 4th. Robert W. Baird increased their price objective on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Bank of America raised their target price on shares of HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada increased their price target on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, HEICO has a consensus rating of "Moderate Buy" and a consensus price target of $263.56.

HEICO Stock Up 2.1 %

HEI stock traded up $5.55 during trading on Thursday, hitting $264.37. 288,560 shares of the stock traded hands, compared to its average volume of 382,033. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 83.09, a price-to-earnings-growth ratio of 3.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO has a 1 year low of $155.42 and a 1 year high of $265.46. The firm's 50 day moving average is $241.01 and its two-hundred day moving average is $219.54.

Hedge Funds Weigh In On HEICO

Hedge funds have recently made changes to their positions in the business. AGF Management Ltd. grew its stake in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock valued at $212,417,000 after acquiring an additional 362,625 shares in the last quarter. Capital World Investors grew its position in shares of HEICO by 10.5% during the fourth quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company's stock valued at $586,036,000 after purchasing an additional 311,304 shares in the last quarter. Vantage Investment Partners LLC bought a new stake in shares of HEICO in the second quarter worth about $26,993,000. Driehaus Capital Management LLC increased its holdings in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock worth $43,357,000 after purchasing an additional 77,067 shares during the last quarter. Finally, EULAV Asset Management lifted its position in shares of HEICO by 23.4% in the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock worth $67,250,000 after buying an additional 66,800 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Insider Activity

In related news, Director Frank J. Schwitter acquired 475 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now directly owns 1,730 shares of the company's stock, valued at $436,409.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank J. Schwitter purchased 475 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the acquisition, the director now owns 1,730 shares of the company's stock, valued at $436,409.80. The disclosure for this purchase can be found here. Insiders sold a total of 85,206 shares of company stock valued at $15,571,927 in the last 90 days. Company insiders own 8.10% 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. 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.