|Bid||101.33 x 800|
|Ask||101.85 x 1200|
|Day's range||101.33 - 103.08|
|52-week range||52.01 - 147.93|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||38.21|
|Earnings date||24 Feb 2020 - 28 Feb 2020|
|Forward dividend & yield||0.16 (0.16%)|
|Ex-dividend date||08 Jan 2020|
|1y target est||89.64|
HEI earnings call for the period ending April 30, 2020.
Shares of Heico (NYSE: HEI) traded up more than 5% on Wednesday afternoon, and soared as high as up 10% earlier in the day, after the aerospace component manufacturer reported fiscal second-quarter results that came in ahead of expectations. After markets closed Tuesday, Heico reported second-quarter earnings of $0.55 per share on revenue of $468.1 million, beating Wall Street expectations for $0.44 per share in earnings on $462.86 million in revenue. Investors went into earnings season bracing for the worst from commercial aerospace, with the COVID-19 pandemic causing airlines to retrench by grounding planes and postponing expansion plans.
HEICO Corp.'s (HEI) fiscal second-quarter earnings decline 8.3% on a year-over-year basis due to lower quarterly sales as well as operating income.
HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 22% to a record $197.3 million, or $1.44 per diluted share, in the first six months of fiscal 2020, up from $161.1 million, or $1.18 per diluted share, in the first six months of fiscal 2019. In the second quarter of fiscal 2020, net income decreased 8% to $75.5 million, or 55 cents per diluted share, as compared to $81.8 million, or 60 cents per diluted share, in the second quarter of fiscal 2019.
The collapse of air travel has dragged down the commercial aerospace industry, but some companies in the sector are better positioned ahead of its eventual recovery.
It has been a difficult start of the year for commercial aerospace, as the COVID-19 pandemic has sunk global travel demand and sent airlines scrambling to cut costs and avoid liquidity issues. Airlines are grounding jets and canceling expansion plans, putting the companies that build planes and supply spare parts under pressure as well. Aerospace shares have underperformed the broader market and seem likely to remain under pressure well after the pandemic is contained and the broader markets have a chance to stabilize.
On May 26, 2020, after the NYSE closing, HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) will release its financial results for the second quarter ended April 30, 2020. The earnings release will be available through the Internet on the Company’s website at www.heico.com.
HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today provided an update on its views of the COVID-19 crisis (the "Crisis"), actions the Company is taking to address the Crisis and its thoughts on the Company’s outlook consistent with a request issued by the Securities and Exchange Commission’s Chairman and the Director of its Division of Corporate Finance to all listed companies last week. Laurans A. Mendelson, HEICO’s Chairman & Chief Executive Officer, along with Company Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, made the following comments:
HEICO Corp.'s (HEI) disciplined acquisition strategy has been playing an important role in its overall growth, further supplementing its organic growth.
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Heico's (HEI) end markets, consisting primarily of commercial aerospace, defense and space, remain healthy and are expected to have boosted its Q1 performance.
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High demand in the aerospace and defense industry helps lift new orders in December. With an array of contracts in January, investing in this space can prove to be beneficial.
Air Industries' (AIRI) revenues are likely to have witnessed a boost in the fourth quarter on increased demand for structural parts and components.
L3Harris (LHX) is expected to have achieved after-tax cost synergies of $50 million by the end of 2019, which, in turn, may have boosted its Q4 bottom line.