Heico (NYSE:HEI.A) Announces Earnings Results

Heico (NYSE:HEI.A) announced its quarterly earnings data on Tuesday. The company reported $1.67 earnings per share (EPS) for the quarter, Zacks reports. Heico had a net margin of 16.08% and a return on equity of 17.52%.

Heico Price Performance

HEI.A traded down $1.92 during trading on Tuesday, hitting $257.31. 309,091 shares of the company traded hands, compared to its average volume of 317,301. Heico has a 1 year low of $199.35 and a 1 year high of $279.66. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $257.11 and its two-hundred day simple moving average is $239.32. The company has a market cap of $35.94 billion, a PE ratio of 45.95 and a beta of 1.08.

Insiders Place Their Bets

In related news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.