Research Analysts Issue Forecasts for HEICO Co.’s Q4 2024 Earnings (NYSE:HEI)

HEICO Co. (NYSE:HEI) – Stock analysts at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for HEICO in a note issued to investors on Thursday, August 1st. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.94. The consensus estimate for HEICO’s current full-year earnings is $3.57 per share. Zacks Research also issued estimates for HEICO’s Q1 2025 earnings at $0.96 EPS, FY2025 earnings at $4.11 EPS, Q1 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.10 EPS and FY2026 earnings at $4.49 EPS.

A number of other equities research analysts also recently weighed in on the company. Benchmark upped their target price on HEICO from $185.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Royal Bank of Canada raised their target price on HEICO from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Robert W. Baird lifted their target price on HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Stifel Nicolaus lifted their price objective on shares of HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.89.

HEICO Trading Down 0.2 %

Shares of NYSE:HEI opened at $240.94 on Friday. The company has a 50 day moving average of $226.31 and a 200-day moving average of $205.31. The company has a current ratio of 3.52, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. The firm has a market cap of $33.37 billion, a P/E ratio of 75.77, a P/E/G ratio of 3.53 and a beta of 1.20. HEICO has a twelve month low of $155.42 and a twelve month high of $242.98.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $955.40 million during the quarter, compared to the consensus estimate of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share.

HEICO Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.11 dividend. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date was Monday, July 1st. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio is currently 6.92%.

Insider Transactions at HEICO

In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the transaction, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of HEICO stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total value of $9,739,890.20. Following the completion of the sale, the insider now directly owns 168,891 shares in the company, valued at $30,741,539.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders sold 85,206 shares of company stock valued at $15,571,927 over the last three months. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HEI. Capital World Investors grew its stake in HEICO by 10.5% in the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after buying an additional 311,304 shares during the last quarter. Federated Hermes Inc. grew its position in shares of HEICO by 8.3% in the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after purchasing an additional 43,509 shares during the last quarter. EULAV Asset Management lifted its position in shares of HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after purchasing an additional 66,800 shares during the last quarter. TCW Group Inc. grew its holdings in HEICO by 3.0% in the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after buying an additional 5,779 shares during the last quarter. Finally, Zeno Equity Partners LLP increased its position in HEICO by 154.3% in the 1st quarter. Zeno Equity Partners LLP now owns 161,570 shares of the aerospace company’s stock worth $30,860,000 after buying an additional 98,033 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

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. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.