Heico Corp (HEI) To Go Ex-Dividend on January 2nd
Heico Corp (NYSE:HEI) declared a semiannual dividend on Monday, December 18th, Wall Street Journal reports. Stockholders of record on Wednesday, January 3rd will be paid a dividend of 0.07 per share by the aerospace company on Wednesday, January 17th. This represents a dividend yield of 0.15%. The ex-dividend date is Tuesday, January 2nd.
Heico has raised its dividend by an average of 41.9% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Heico has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heico to earn $2.62 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 4.2%.
Heico (HEI) opened at $94.18 on Thursday. The stock has a market cap of $7,170.00, a P/E ratio of 43.80, a P/E/G ratio of 3.65 and a beta of 0.72. Heico has a 12-month low of $60.00 and a 12-month high of $101.40. The company has a current ratio of 2.89, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36.
Heico (NYSE:HEI) last released its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. Heico had a net margin of 12.20% and a return on equity of 16.07%. The business had revenue of $421.22 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same period in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. analysts anticipate that Heico will post 2.43 earnings per share for the current year.
In related news, Director Mark H. Hildebrandt bought 1,316 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average cost of $76.13 per share, with a total value of $100,187.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.76% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on HEI shares. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Seaport Global Securities initiated coverage on shares of Heico in a report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 target price on the stock. Canaccord Genuity upped their price objective on shares of Heico from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks upped their price objective on shares of Heico to $96.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.78.
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Heico Company Profile
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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