HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government. This segment also distributes hydraulic, pneumatic, structural, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial airlines, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio interference shielding; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; radio frequency and microwave amplifiers, transmitters, and receivers; and high performance communications and electronic intercept receivers and tuners. The company serves the U.S. and foreign military agencies; prime defense contractors; and commercial and defense satellite and spacecraft equipment manufacturers. HEICO Corporation was founded in 1949 and is headquartered in Hollywood, Florida.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Aircraft engines & engine parts
Sub-IndustryAerospace & Defense
SectorAerospace
Current SymbolNYSE:HEI
Previous Symbol
CUSIP42280610
Phone954-987-4000
Debt
Debt-to-Equity Ratio0.44
Current Ratio2.86
Quick Ratio1.32
Price-To-Earnings
Trailing P/E Ratio61.59
Forward P/E Ratio43.99
P/E Growth3.74
Sales & Book Value
Annual Sales$1.52 billion
Price / Sales7.25
Cash Flow$1.8251 per share
Price / Cash45.56
Book Value$9.46 per share
Price / Book8.79
Profitability
EPS (Most Recent Fiscal Year)$1.35
Net Income$185.98 million
Net Margins14.26%
Return on Equity16.15%
Return on Assets8.38%
Miscellaneous
Employees5,100
Outstanding Shares132,890,000
Market Cap$11.38 billion
OptionableN/A
Heico (NYSE:HEI) Frequently Asked Questions
What is Heico's stock symbol?
Heico trades on the New York Stock Exchange (NYSE) under the ticker symbol "HEI."
How often does Heico pay dividends? What is the dividend yield for Heico?
Heico declared a Semi-Annual dividend on Tuesday, June 12th. Stockholders of record on Wednesday, July 11th will be given a dividend of $0.06 per share on Thursday, July 19th. The ex-dividend date is Tuesday, July 10th. View Heico's Dividend History.
When did Heico's stock split? How did Heico's stock split work?
Shares of Heico split on the morning of Thursday, June 28th 2018. The 5-4 split was announced on Tuesday, June 12th 2018. The newly created shares were distributed to shareholders after the market closes on Wednesday, June 27th 2018. An investor that had 100 shares of Heico stock prior to the split would have 125 shares after the split.
How were Heico's earnings last quarter?
Heico Corp (NYSE:HEI) posted its earnings results on Monday, August, 27th. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The aerospace company earned $465.83 million during the quarter, compared to analyst estimates of $440.68 million. Heico had a return on equity of 16.15% and a net margin of 14.26%. Heico's revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. View Heico's Earnings History.
When is Heico's next earnings date?
What price target have analysts set for HEI?
7 analysts have issued 1 year price objectives for Heico's shares. Their predictions range from $67.20 to $100.00. On average, they anticipate Heico's stock price to reach $88.6857 in the next year. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Heico.
What is the consensus analysts' recommendation for Heico?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heico in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Heico.
What are Wall Street analysts saying about Heico stock?
Here are some recent quotes from research analysts about Heico stock:
- 1. According to Zacks Investment Research, "HEICO Corp. outperformed the industry in the last year. Increased demand for new products ranging from aftermarket replacement parts to repair and overhaul parts as well as services product lines has been fueling organic growth. Its operational performance also exhibits solid inorganic growth history, thanks to the disciplined acquisition strategy followed by the company. It also exhibits a solid financial flexibility. Further, it's strong balance sheet and cash flows provide financial flexibility in matters of incremental dividend and earnings accretive acquisitions. However, intense competition from existing and new competitors in a fragmented marketplace may harm its business operations. The company is also subject to interest rate risk, in connection with the issuance of debt. Thus a material rise in long-term interest rates is a key risk for capital intensive stocks like HEICO Corp." (7/30/2018)
- 2. Canaccord Genuity analysts commented, "We maintain our Neutral rating and $23 PT post the print. HP Inc. posted strong performance for the quarter as all product segments and regions outperformed. However, since a greater portion of revenue upside came from PSG, organic benefit to EPS was relatively muted. Management indicated that its supplies business will experience growth rate deceleration in FY19 as the acquired portfolio experiences declining attach rates. The company raised its outlook due to some organic outperformance as well as lowered taxes. We think gains from here on out will likely be more muted." (2/23/2018)
- 3. Jefferies Financial Group Inc analysts commented, "MaxLinear reported 4Q17 revenue that was in line with guidance while NG EPS beat by a penny. However, 1Q18 revenue guidance came in lower than our forecast reflecting headwinds in the optical, ForceTouch, MoCA, satellite and Industrial & Multi-Market segments. On a positive note, NG GM was better than expected in both 4Q17 results and 1Q18 guidance. Though we remain encouraged by the strong pipeline of upcoming Infrastructure products and their respective potential market opportunities, we lower our EPS estimates for 2018 and 2019 and price target to $30 from $32 to remove risk revenue from our forecast." (2/14/2018)
Who are some of Heico's key competitors?
Some companies that are related to Heico include BAE SYS PLC/S (BAESY), Rockwell Collins (COL), Rolls-Royce (RYCEY), TransDigm Group (TDG), L3 Technologies (LLL), Textron (TXT), MTU AERO ENGINE/ADR (MTUAY), Leidos (LDOS), Huntington Ingalls Industries (HII), Heico (HEI.A), Spirit AeroSystems (SPR), Teledyne Technologies (TDY), Orbital ATK (OA), FLIR Systems (FLIR) and LEONARDO FINMEC/ADR (FINMY).
Who are Heico's key executives?
Heico's management team includes the folowing people:
- Mr. Laurans A. Mendelson, Chairman & CEO (Age 80)
- Mr. Eric A. Mendelson, Co-Pres, Director, Pres & CEO of the HEICO Flight Support Group (Age 53)
- Mr. Victor H. Mendelson, Co-Pres, Director, Pres and CEO of the HEICO Electronic Technologies Group (Age 51)
- Mr. Carlos L. Macau Jr., Exec. VP, CFO & Treasurer (Age 51)
- Mr. Steven M. Walker, Chief Accounting Officer & Assistant Treasurer (Age 54)
Who are Heico's major shareholders?
Heico's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (1.31%), EFG Asset Management Americas Corp. (0.03%), Seven Eight Capital LP (0.02%), Bath Savings Trust Co (0.02%), Cornerstone Wealth Management LLC (0.02%) and Professional Planning (0.01%). Company insiders that own Heico stock include Alan Schriesheim, Frank J Schwitter, Julie Neitzel, Laurans A Mendelson, Mark H Hildebrandt, Thomas M Culligan, Thomas S Irwin and Victor H Mendelson. View Institutional Ownership Trends for Heico.
Which major investors are selling Heico stock?
HEI stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC and HWG Holdings LP. Company insiders that have sold Heico company stock in the last year include Alan Schriesheim, Frank J Schwitter, Julie Neitzel and Laurans A Mendelson. View Insider Buying and Selling for Heico.
Which major investors are buying Heico stock?
HEI stock was acquired by a variety of institutional investors in the last quarter, including Seven Eight Capital LP, Cornerstone Wealth Management LLC, Professional Planning, EFG Asset Management Americas Corp., Bath Savings Trust Co, Calamos Wealth Management LLC, TRUE Private Wealth Advisors and Gradient Investments LLC. Company insiders that have bought Heico stock in the last two years include Julie Neitzel, Mark H Hildebrandt, Thomas M Culligan and Victor H Mendelson. View Insider Buying and Selling for Heico.
How do I buy shares of Heico?
Shares of HEI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Heico's stock price today?
One share of HEI stock can currently be purchased for approximately $83.15.
How big of a company is Heico?
Heico has a market capitalization of $11.38 billion and generates $1.52 billion in revenue each year. The aerospace company earns $185.98 million in net income (profit) each year or $1.35 on an earnings per share basis. Heico employs 5,100 workers across the globe.
What is Heico's official website?
How can I contact Heico?
Heico's mailing address is 3000 TAFT STREET, HOLLYWOOD FL, 33021. The aerospace company can be reached via phone at 954-987-4000.
MarketBeat Community Rating for Heico (NYSE HEI)
MarketBeat's community ratings are surveys of what our community members think about Heico and other stocks. Vote "Outperform" if you believe HEI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HEI will underperform the S&P 500 over the long term. You may vote once every thirty days.
