Wall Street brokerages predict that Heico Corp (NYSE:HEI) will post $478.39 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Heico’s earnings. The lowest sales estimate is $474.00 million and the highest is $485.00 million. Heico posted sales of $430.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 28th.

According to Zacks, analysts expect that Heico will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.96 billion to $1.97 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.10 billion, with estimates ranging from $2.07 billion to $2.13 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Heico.

Heico (NYSE:HEI) last announced its earnings results on Tuesday, February 26th. The aerospace company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Heico had a net margin of 14.86% and a return on equity of 17.72%. The company had revenue of $466.15 million for the quarter, compared to analysts’ expectations of $453.65 million.

Several brokerages have recently commented on HEI. Canaccord Genuity reaffirmed a “buy” rating and set a $110.00 target price (up from $105.00) on shares of Heico in a report on Monday. UBS Group raised their target price on shares of Heico from $85.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Cowen began coverage on shares of Heico in a report on Tuesday, March 5th. They set a “market perform” rating and a $95.00 target price on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $100.00 target price on shares of Heico in a report on Wednesday, February 27th. Finally, Vertical Research began coverage on shares of Heico in a report on Tuesday, January 22nd. They set a “buy” rating and a $91.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $97.38.

In related news, Director Alan Schriesheim sold 15,000 shares of Heico stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $79.88, for a total value of $1,198,200.00. Following the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at $774,836. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Schwitter sold 1,756 shares of Heico stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $78.07, for a total transaction of $137,090.92. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at $102,505.91. The disclosure for this sale can be found here. Insiders sold 24,756 shares of company stock worth $2,022,171 over the last three months. 9.23% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Tocqueville Asset Management L.P. lifted its stake in shares of Heico by 86.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 4,691 shares of the aerospace company’s stock valued at $363,000 after buying an additional 2,169 shares in the last quarter. Executive Wealth Management LLC bought a new stake in Heico in the fourth quarter worth $43,000. Lisanti Capital Growth LLC increased its position in Heico by 56.8% in the fourth quarter. Lisanti Capital Growth LLC now owns 21,236 shares of the aerospace company’s stock worth $1,645,000 after purchasing an additional 7,690 shares during the last quarter. Concorde Asset Management LLC increased its position in Heico by 25.5% in the fourth quarter. Concorde Asset Management LLC now owns 10,215 shares of the aerospace company’s stock worth $791,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Professional Planning increased its position in Heico by 60.8% in the fourth quarter. Professional Planning now owns 27,628 shares of the aerospace company’s stock worth $2,005,000 after purchasing an additional 10,447 shares during the last quarter. 26.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of HEI traded down $0.10 during mid-day trading on Wednesday, hitting $103.73. 317,341 shares of the company’s stock were exchanged, compared to its average volume of 312,550. Heico has a 52 week low of $70.40 and a 52 week high of $107.45. The stock has a market capitalization of $13.84 billion, a PE ratio of 57.31, a P/E/G ratio of 3.99 and a beta of 0.85. The company has a current ratio of 3.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.38.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Earnings History and Estimates for Heico (NYSE:HEI)

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