Zacks Research Comments on HEICO's Q3 Earnings (NYSE:HEI)

HEICO Co. (NYSE:HEI - Free Report) - Stock analysts at Zacks Research cut their Q3 2026 earnings per share (EPS) estimates for HEICO in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $1.13 per share for the quarter, down from their prior forecast of $1.19. The consensus estimate for HEICO's current full-year earnings is $3.64 per share.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis.

HEI has been the subject of a number of other reports. Benchmark reaffirmed a "buy" rating and issued a $245.00 price target on shares of HEICO in a research note on Tuesday, August 27th. UBS Group initiated coverage on shares of HEICO in a report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price objective on the stock. Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Robert W. Baird boosted their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Finally, Bank of America increased their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $270.20.

HEICO Stock Performance

HEICO stock traded up $1.25 during midday trading on Friday, reaching $238.94. 1,105,952 shares of the stock traded hands, compared to its average volume of 402,545. HEICO has a fifty-two week low of $169.70 and a fifty-two week high of $283.60. The firm has a market cap of $33.12 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.14 and a beta of 1.24. The firm has a fifty day moving average price of $261.76 and a two-hundred day moving average price of $247.67. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

Institutional Trading of HEICO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden acquired a new position in shares of HEICO during the second quarter valued at about $45,000. Rakuten Securities Inc. purchased a new position in shares of HEICO in the third quarter valued at approximately $81,000. Hantz Financial Services Inc. purchased a new stake in shares of HEICO during the 2nd quarter worth $100,000. Brooklyn Investment Group purchased a new position in HEICO during the 3rd quarter worth approximately $128,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of HEICO during the third quarter worth about $144,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HEICO news, CEO Laurans A. Mendelson purchased 725 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, with a total value of $190,631.50. Following the acquisition, the chief executive officer now owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim sold 332 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Insiders have bought a total of 2,175 shares of company stock worth $571,895 in the last quarter. Corporate insiders own 8.10% of the company's stock.

HEICO Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend is Friday, January 3rd. HEICO's payout ratio is 6.45%.

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.