Heico (NYSE:HEI) announced its quarterly earnings results on Monday. The aerospace company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Bloomberg Earnings reports. The firm had revenue of $421.22 million for the quarter, compared to analysts’ expectations of $408.32 million. Heico had a return on equity of 15.56% and a net margin of 12.04%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share.
Heico (NYSE HEI) traded down $0.06 during trading hours on Monday, reaching $95.96. The company’s stock had a trading volume of 653,250 shares, compared to its average volume of 208,229. Heico has a 1 year low of $60.00 and a 1 year high of $98.67. The company has a quick ratio of 1.39, a current ratio of 2.89 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $7,290.00, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 4.36 and a beta of 0.72.
In other Heico news, Director Mark H. Hildebrandt purchased 1,316 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were bought at an average price of $76.13 per share, with a total value of $100,187.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owns 31,110 shares in the company, valued at approximately $2,373,070.80. The disclosure for this sale can be found here. Corporate insiders own 9.76% of the company’s stock.
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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