Heico (HEI) Set to Announce Earnings on Monday
Heico (NYSE:HEI) is set to release its earnings data after the market closes on Monday, December 18th. Analysts expect Heico to post earnings of $0.57 per share for the quarter.
Heico (HEI) opened at $96.13 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89. The firm has a market cap of $7,752.97, a PE ratio of 45.27, a price-to-earnings-growth ratio of 4.16 and a beta of 0.73. Heico has a 12 month low of $60.00 and a 12 month high of $96.57.
Several brokerages have weighed in on HEI. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Wednesday, September 27th. Jefferies Group reissued a “hold” rating and set a $89.00 price target (up previously from $75.00) on shares of Heico in a research report on Thursday, August 24th. BidaskClub cut shares of Heico from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. SunTrust Banks increased their price target on shares of Heico to $96.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Seaport Global Securities started coverage on shares of Heico in a research report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $92.78.
In other Heico news, VP Thomas S. Irwin sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $76.28, for a total value of $1,525,600.00. Following the transaction, the vice president now directly owns 31,110 shares in the company, valued at $2,373,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark H. Hildebrandt purchased 1,316 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was bought at an average price of $76.13 per share, for a total transaction of $100,187.08. The disclosure for this purchase can be found here. Corporate insiders own 9.76% of the company’s stock.
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HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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