Heico (NYSE:HEI.A) Issues Earnings Results

Heico (NYSE:HEI.A) issued its quarterly earnings data on Wednesday. The company reported $1.66 earnings per share for the quarter, Zacks reports. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Heico had a return on equity of 17.98% and a net margin of 16.08%.

Heico Trading Up 11.9%

NYSE:HEI.A opened at $257.22 on Friday. The firm has a market cap of $35.89 billion, a P/E ratio of 45.93 and a beta of 1.00. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $217.05 and its 200-day simple moving average is $238.98. Heico has a 12-month low of $199.35 and a 12-month high of $279.66.

Insider Activity

In other news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.76% of the company’s stock.

About Heico

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.