Heico Corporation is a diversified aerospace and electronics company that focuses on providing innovative products and services to the aviation, defense, and electronics markets
The company designs, manufactures, and repairs a wide range of components and systems that enhance the performance, reliability, and safety of aircraft and related technologies. Heico is known for its commitment to research and development, which allows it to deliver advanced solutions that cater to the evolving demands of the aerospace sector. Through strategic acquisitions and a strong emphasis on customer service, Heico continues to expand its footprint within the industry, serving both commercial and military customers.
These large-cap stocks were top performers last week. Heico, Xpeng, Li Auto, Lineage, Erie Indemnity, Lloyds, Unum, FICO, Masimo, Smith & Nephew, AB InBev, and Nutanix all saw significant gains.
Today's Research Daily features new research reports on 16 major stocks, including The Goldman Sachs Group, Inc., The Progressive Corp. and Boston Scientific Corp., as well as micro-cap stock Cooper-Standard Holdings Inc..
Shares of aerospace and defense company HEICO (NSYE:HEI)
jumped 14.1% in the afternoon session after the company reported strong fourth-quarter results, with revenue, EBITDA, and EPS all surpassing expectations by significant margins. Sales grew 15% year-on-year, driven by strong organic demand in both the Flight Support and Electronic Technologies segments, along with contributions from recent acquisitions. Overall, this was a solid performance for the quarter.
Its net income rose to a record $168 million, or $1.20 per share, during the three months ended Jan. 31, compared with $114.7 million, or $0.82 per share, a year earlier.
Aerospace and defense company HEICO (NSYE:HEI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 14.9% year on year to $1.03 billion. Its GAAP profit of $1.20 per share was 26.6% above analysts’ consensus estimates.
HEICO has been treading water for the past six months, recording a small return of 3% while holding steady at $233.80. The stock also fell short of the S&P 500’s 16.9% gain during that period.
Hollywood, Fla.-based Heico Corp. is the world’s largest independent producer of replacement aircraft parts. There is no doubt that Heico is a growth stock. Thus, it may be worth closer consideration in 2025.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Textron (NYSETXT) and the best and worst performers in the aerospace industry.
HEICO produced mixed results that included a wider margin and better-than-expected earnings. The shares are down following the report setting up an entry point.
Shares of aerospace and defense company HEICO (NSYE:HEI)
fell 9.8% in the morning session after the company reported weak third-quarter earnings. Its revenue missed, and its adjusted operating income fell short of Wall Street's estimates. Also, the company's debt profile continued to leave little room for error, given the negative net cash position, with management highlighting a total debt-to-net income ratio of 4.34x. In addition, the top-line growth continued to decelerate, with revenue up 8.2% year on year during the quarter, a sharp drop from the double-digit growth recorded in the previous quarters, presenting more reasons for investors to be worried. Overall, this was a weaker quarter.
Aerospace and defense company HEICO (NSYE:HEI) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 8.2% year on year to $1.01 billion. Its GAAP profit of $0.99 per share was 1.3% above analysts’ consensus estimates.
Aerospace and defense company HEICO (NSYE:HEI) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 8.2% year on year to $1.01 billion. Its GAAP profit of $0.99 per share was 1.3% above analysts’ consensus estimates.
Wall Street inched marginally higher during Wednesday morning trading in New York, with traders remaining on edge ahead of the eagerly anticipated Federal Reserve meeting scheduled for 2 p.m.
