News stories about Heico Corporation (NYSE:HEI) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heico Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 45.8082463698566 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Heico Corporation (NYSE HEI) traded down $0.30 during trading hours on Monday, hitting $90.44. The stock had a trading volume of 106,200 shares, compared to its average volume of 185,161. Heico Corporation has a fifty-two week low of $57.17 and a fifty-two week high of $93.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.89 and a quick ratio of 1.39. The company has a market cap of $7,638.11, a PE ratio of 44.60, a PEG ratio of 4.14 and a beta of 0.74.
Heico Corporation (NYSE:HEI) last released its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. The business had revenue of $391.50 million for the quarter, compared to analysts’ expectations of $390.55 million. During the same quarter in the previous year, the business posted $0.62 EPS. Heico Corporation’s revenue for the quarter was up 9.9% on a year-over-year basis. equities analysts anticipate that Heico Corporation will post 2.11 earnings per share for the current year.
HEI has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and issued a $91.00 price objective (up from $80.00) on shares of Heico Corporation in a research report on Thursday, August 10th. Deutsche Bank AG lowered Heico Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $86.00 in a research report on Wednesday, August 16th. BidaskClub lowered Heico Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research lowered Heico Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $89.00 target price (up previously from $75.00) on shares of Heico Corporation in a report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.67.
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In other Heico Corporation news, VP Thomas S. Irwin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the sale, the vice president now owns 31,110 shares in the company, valued at approximately $2,373,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark H. Hildebrandt bought 1,316 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was purchased 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. Insiders own 9.76% of the company’s stock.
About Heico Corporation
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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