For HEI, shares are up 0.82% over the past week while the Zacks Aerospace - Defense Equipment industry is up 1.56% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.26% compares favorably with the industry's 7.24% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Heico Corporation (HEI) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question. Heico Corporation is a member of the Aerospace sector. This group includes 45 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes ...

Analysts on Wall Street project that Heico Corporation (HEI) will announce quarterly earnings of $0.80 per share in its forthcoming report, representing an increase of 5.3% year over year. Revenues are projected to reach $941.61 million, increasing 36.9% from the same quarter last year. The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Heico Corporation (HEI) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 28. ...

HAKINMHAN In November 2023, I covered HEICO (NYSE:HEI), maintaining my buy rating with a $211.28 price target. HEI stock is currently trading at $211.36, meaning that it hit my price target. That is why I am revisiting the stock to assess whether there is additional upside for the stock, or whether this is the time to change my rating. HEICO Corp. Stock Price Shows Strength Data by YCharts HEICO has a 10-year stock price development that looks impressive, gaining 650% while the S&P 500 gained 172.6%. So ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Heico Corporation (HEI) . This company, which is in the Zacks Aerospace - Defense Equipment industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quart ...

BLACKSBURG, Va., May 1, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of its first DC-DC power supply with extremely quiet and low noise outputs (<0.25 mV), designed specifically for noise-sensitive RF space applications, the SLNP17-100CQ. Through a multi-stage approach, this converter demonstrates an exceptional rejection of noise for both conducted emissions and conducted susceptibility. This quad-output solution equipped with an integrated EMI filter, de ...

BLACKSBURG, Va., March 13, 2024 /PRNewswire/ -- VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE: HEI), announces the release of the first-ever configurable box solution featuring state-of-the-art GaN technology: the SGRBX. Housing up to four award-winning SGRB DC-DC converter slices within its framework, the SGRBX delivers up to 1600 watts of output power. Utilizing the SGRB's advanced fixed frequency, reduced voltage switching topology, the SGRBX has extremely low input and output noise. In addition, the SGR ...

HEICO Corporation’s (HEI) first-quarter fiscal 2024 earnings per share (EPS) of 82 cents beat the Zacks Consensus Estimate of 73 cents by 12.3%. The bottom line also improved 22.4% from the prior-year quarter’s 67 cents.Total SalesThe company’s net sales increased 44.4% year over year to $896.4 million in the reported quarter. Total sales also beat the Zacks Consensus Estimate of $875 million by 2.4%.The year-over-year upside was driven by increased sales volume from both the Flight Support Group and Electr ...

Financial Data and Key Metrics - The Flight Support Group's operating income increased 63% to a record $136 million in Q1 FY24, up from $83.6 million in Q1 FY23 [4] - The Flight Support Group's operating margin was 22% in Q1 FY24, compared to 22.5% in Q1 FY23 [4] - The Flight Support Group's operating margin before intangible amortization expense was 24.8% in Q1 FY24 versus 24.3% in Q1 FY23 [4] - The Electronic Technologies Group's operating income was $55.3 million in Q1 FY24, compared to $56.5 million in Q1 FY23 [133] - The ETG's operating margin was 19.3% in Q1 FY24, compared to 22.2% in Q1 FY23 [149] - Consolidated net income increased 23% to $114.7 million or $0.82 per diluted share in Q1 FY24, up from $93 million or $0.67 per diluted share in Q1 FY23 [157] Business Line Data and Key Metrics - The Flight Support Group's net sales increased 67% to a record $618.7 million in Q1 FY24, up from $371.3 million in Q1 FY23 [120] - The net sales increase in Q1 FY24 reflects the impact from the Wencor acquisition and 12% organic growth, mainly from aftermarket replacement parts and repair and overhaul parts and services [120] - The Electronic Technologies Group's net sales increased 12% to $285.9 million in Q1 FY24, up from $255.1 million in Q1 FY23, driven by aerospace products and fiscal '23 acquisitions [137] Market Data and Key Metrics - The company expects strong net sales and earnings growth for the remainder of FY24, driven by contributions from recent acquisitions and demand for the majority of its products [121] - The company anticipates future ETG quarters to be materially stronger than Q1, supported by a near-record backlog and new product R&D activities [133] Company Strategy and Industry Competition - The company continues to focus on developing new products and services, maintaining financial strength, and flexibility [121] - The Wencor acquisition has been exceeding expectations, with strong performance in business, people, and strategy, particularly in the e-commerce area [9] - The company is exploring revenue synergies between HEICO and Wencor, particularly in the PMA parts market, where HEICO's sales per part are about 4x greater than Wencor's [42] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the future, with end markets being very healthy and FY24 looking to be another great year [43] - The company expects to achieve 15% to 20% annual compounded net income growth, a target it has consistently met over the past 30 to 33 years [134] - The company is confident in its ability to continue growing market share and adjusting pricing to reflect increased costs, while maintaining strong customer relationships [108] Other Important Information - The company's net debt-to-EBITDA was 2.79x as of January 31, 2024, down from 3.0x as of August 31, 2023 [115] - The company paid a regular semi-annual cash dividend of $0.10 per share in January 2024, marking its 91st consecutive semi-annual cash dividend since 1979 [158] Q&A Session Summary Question: Update on Wencor acquisition performance and synergies - The Wencor acquisition has exceeded expectations, with strong performance in business, people, and strategy, particularly in the e-commerce area [9] - The company is exploring revenue synergies between HEICO and Wencor, particularly in the PMA parts market, where HEICO's sales per part are about 4x greater than Wencor's [42] Question: Outlook on FSG margins for the rest of the year - The company expects FSG margins to be between 21% and 22% for the year, with Q1 being the low point and margins expected to improve in subsequent quarters [107] Question: Impact of Boeing's challenges on FSG Specialty Products growth - Boeing's challenges have impacted the growth of FSG Specialty Products, but the company remains bullish on the future, particularly in defense and space programs [147] Question: R&D trends and investment areas - R&D investment increased by about 25% in Q1 FY24, driven by broad-based demand for next-generation products and customer needs [99] Question: Supply chain and labor market challenges - The supply chain has improved but is not yet back to normal, while the labor market remains challenging, impacting the company's ability to hire qualified personnel [12] Question: Pricing strategy and market share gains - The company is focused on both adjusting pricing to reflect increased costs and growing market share, with a strategy to pass along cost increases while maintaining customer relationships [108]