For its first fiscal quarter (ending January 31), HEICO Corp (NYSE: HEI) has reported a 22% increase in E.P.S. from $0.68 a year ago to $0.83 in the current quarter. However, this result fell short of the consensus estimate of $0.90 by $-0.07. For the latest four quarters through January 31, E.P.S. were $3.09 versus $2.63 for the same period a year ago — an increase of 17%.
Recent Price Action
HEICO Corp (NYSE: HEI) stock declined slightly by -0.10% on 2/26/24. The stock closed at $198.98. Moreover, this decline was accompanied by unusually high trading volume at 181% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HEI is expected to continue to be an important Value Builder.
HEICO has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. HEICO has a poor Appreciation Score of 19 but a good Power Rating of 81, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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