Heico (NYSE:HEI.A) Shares Climb 0.9% – Here’s What Happened

Heico Corporation (NYSE:HEI.A) shares rose 0.9% on Friday. The stock traded as high as $223.55 and last traded at $222.97. 279,257 shares traded hands during trading, a decline of 19% from the average session volume of 346,874 shares. The stock had previously closed at $221.07.

Analyst Ratings Changes

Separately, Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Heico Trading Up 0.9%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock has a market capitalization of $31.16 billion, a PE ratio of 37.10 and a beta of 1.13. The business’s 50-day moving average is $243.55 and its two-hundred day moving average is $237.31.

Heico (NYSE:HEI.A) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. The company had revenue of $1.41 billion during the quarter. As a group, equities research analysts anticipate that Heico Corporation will post 6.25 earnings per share for the current year.

Heico Company Profile

HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.