Heico (NYSE:HEI.A) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• Technical signal: Heico shares crossed below its 50‑day moving average
• Earnings surprise: The company reported an outsized EPS beat (reported $999.00 vs. $1.43 expected) while revenue of $1.18 billion slightly missed the $1.19 billion estimate.
• Analyst and valuation snapshot: MarketBeat shows a consensus rating of Buy (one Strong Buy, one Hold); market cap ~$31.4B and a trailing PE of about 44.6.

Heico Corporation (NYSE:HEI.A - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $252.62 and traded as low as $234.13. Heico shares last traded at $225.4610, with a volume of 16,692 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research upgraded Heico to a "hold" rating in a report on Tuesday, December 16th. CJS Securities upgraded Heico to a "strong-buy" rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Heico presently has a consensus rating of "Buy".

Heico Stock Down 3.7%

The stock has a 50 day simple moving average of $252.62 and a 200-day simple moving average of $250.15. The firm has a market cap of $31.42 billion, a PE ratio of 44.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41.

Heico (NYSE:HEI.A - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $997.57. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.19 billion.

Heico Company Profile

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.

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