For its second fiscal quarter (ending April 30), HEICO Corp (NYSE: HEI) has reported E.P.S. of $0.89 compared to $0.77 a year ago. E.P.S. were $3.21 for the latest four quarters through April 30 versus $2.77 for the same period a year ago.
Recent Price Action
On 5/28/24, HEICO Corp (NYSE: HEI) stock declined by -2.4%, closing at $212.05. Moreover, this decline was accompanied by unusually high trading volume at 163% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HEICO has a poor Appreciation Score of 18 but a very high Power Rating of 88, with the Neutral Value Trend Rating the result.
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.
Be the first to comment