For its fourth fiscal quarter (ending October 31), HEICO Corp (NYSE: HEI) has reported a 6% increase in E.P.S. from $0.71 a year ago to $0.75 in the current quarter. This result exceeded the consensus estimate of $0.70 by $0.05. For the latest four quarters through October 31, E.P.S. were $2.94 compared to $2.59 a year ago — an increase of 14%.
Recent Price Action
On 12/18/23, HEICO Corp (NYSE: HEI) stock rose modestly by 1.0%, closing at $183.63. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
HEI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
HEICO has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HEICO has a very low Appreciation Score of 10 but a good Power Rating of 74, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment