At last glance, shares of Heico Corp (NYSE:HEI) are 2.9% lower at $238.74 Tuesday, after the aerospace and defense firm yesterday reported a mixed fiscal third-quarter report. While Heico's quarterly earnings beat Wall Street's estimates, revenue fell below expectations even after the company noted strong organic growth in its Flight Support Group segment. On the charts, HEI's 60-day moving average is keeping today's pullback in check. Looking further back, the equity closed below this trendline less than f ...

Heico Corporation (HEI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.59%. A quarter ago, it was expected that this company would post earnings of $0.80 per share when it actually produced earnings of $0.88, delivering a surprise of 10%. Over the last four quarters, the company h ...

For the quarter ended July 2024, Heico Corporation (HEI) reported revenue of $992.25 million, up 37.3% over the same period last year. EPS came in at $0.97, compared to $0.77 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $986.55 million, representing a surprise of +0.58%. The company delivered an EPS surprise of +6.59%, with the consensus EPS estimate being $0.91. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

EXHIBIT 99.1 August 26, 2024 Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570 HEICO CORPORATION REPORTS RECORD NET SALES (UP 37%), OPERATING INCOME (UP 45%) AND NET INCOME (UP 34%) FOR THE THIRD QUARTER OF FISCAL 2024 HOLLYWOOD, FL and MIAMI, FL -- HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted s ...

HEICO Corporation (HEI) recently announced that its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash. Capewell is a leading provider of proprietary aircraft cockpit emergency egress and aerial delivery products for various commercial aerospace and defense uses. HEICO's Gain From Capewell Acquisition Capewell is a critical supplier to a wide-ranging customer base that includes leading OEMs, end-users and distributors. The com ...

The upcoming report from Heico Corporation (HEI) is expected to reveal quarterly earnings of $0.91 per share, indicating an increase of 18.2% compared to the year-ago period. Analysts forecast revenues of $986.55 million, representing an increase of 36.5% year over year. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

Heico Corp (NYSE: HEI), a leading aerospace and electronics company, recently achieved a significant milestone by reaching an all-time high, with shares peaking at $257.19. This milestone coincides with Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) making notable adjustments to its stock portfolio in the June quarter, including a new investment in Heico. Over the past year, Heico's stock value has surged by an impressive 42%, showcasing the company's robust performance and market presence. Heico has fur ...

Although Warren Buffett, CEO of Beckshire Hathaway (NYSE: BRK.A), owns a wide array of well-performing stocks, earning him the niekname 'Oracle of Omaha' due to his exceptionally successful stock trades, some of his stock finds in particular deserve attention. As it happens, there are two specific stocks in legendary investor's portfolio that have strong buy ratings for August this year, according to the opinions of Wall Siteet's leading stock market analysts who have offered their stock price targets in th ...

Defense stocks have been on a tear in recent months, with many names hitting new all-time highs. The ongoing highly volatile geopolitical environment is primarily driving this surge. This includes the ongoing war in Ukraine and the increasingly unstable situation in the Middle East, particularly the conflict between Israel and Hamas, along with the involvement of other parties such as Hezbollah and Iran. In response to this landscape, defense budgets are soaring globally, translating into growing order back ...

HEI could be on the verge of another rally after moving 5.4% higher over the last four weeks. Plus, the company is currently a Zacks Rank #2 (Buy) stock. The bullish case only gets stronger once investors take into account HEI's positive earnings estimate revisions. There have been 8 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well. Investors may want to watch HEI for more gains in the near future given the company's key technical level and ...