Analysis of HEICO Corporation (NYSE:HEI): Selected Notes

After finishing at $178.94 in the prior trading day, HEICO Corporation (NYSE: HEI) closed at $164.83, down -7.89%. In other words, the price has decreased by -$14.11 from its previous closing price. On the day, 1259262 shares were traded. HEI stock price reached its highest trading level at $178.26 during the session, while it also had its lowest trading level at $163.61.

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Our goal is to gain a better understanding of HEI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 139.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 12 when Neitzel Julie sold 250 shares for $133.61 per share. The transaction valued at 33,403 led to the insider holds 155 shares of the business.

SCHRIESHEIM ALAN sold 20,000 shares of HEI for $3,335,710 on Apr 05. The Director now owns 114,261 shares after completing the transaction at $166.79 per share. On Mar 03, another insider, Schwitter Frank J, who serves as the Director of the company, sold 600 shares for $138.65 each. As a result, the insider received 83,189 and left with 0 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HEI now has a Market Capitalization of 20.44B and an Enterprise Value of 21.08B. As of this moment, HEICO’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.67, and their Forward P/E ratio for the next fiscal year is 47.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.50 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 9.01 whereas that against EBITDA is 33.53.

Stock Price History:

Over the past 52 weeks, HEI has reached a high of $180.59, while it has fallen to a 52-week low of $126.95. The 50-Day Moving Average of the stock is 169.65, while the 200-Day Moving Average is calculated to be 162.12.

Shares Statistics:

The stock has traded on average 306.01K shares per day over the past 3-months and 481.36k shares per day over the last 10 days, according to various share statistics. A total of 136.66M shares are outstanding, with a floating share count of 116.36M. Insiders hold about 4.00% of the company’s shares, while institutions hold 70.50% stake in the company. Shares short for HEI as of Apr 27, 2023 were 1.86M with a Short Ratio of 1.86M, compared to 1.88M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 4.13%.

Dividends & Splits

In the trailing 12 months, HEI’s forward annual dividend rate was 0.19, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.11%, it implies a Forward Annual Dividend Yield of 0.11%. The stock’s 5-year Average Dividend Yield is 0.13. The current Payout Ratio is 7.20% for HEI, which recently paid a dividend on Jan 22, 2023 with an ex-dividend date of Jan 03, 2023. Stock splits for the company last occurred on Jun 27, 2018 when the company split stock in a 125:100 ratio.

Earnings Estimates

Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $0.77 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.72, while EPS last year was $0.6. The consensus estimate for the next quarter is $0.84, with high estimates of $0.93 and low estimates of $0.76.

Analysts are recommending an EPS of between $3.2 and $2.8 for the fiscal current year, implying an average EPS of $3.01. EPS for the following year is $3.49, with 13 analysts recommending between $3.75 and $3.1.

Revenue Estimates

11 analysts predict $694.97M in revenue for the current quarter. It ranges from a high estimate of $718M to a low estimate of $679.6M. As of the current estimate, HEICO Corporation’s year-ago sales were $569.53M, an estimated increase of 22.00% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $732.13M, an increase of 20.10% less than the figure of $22.00% in the same quarter last year. There is a high estimate of $761.6M for the next quarter, whereas the lowest estimate is $702.74M.

A total of 14 analysts have provided revenue estimates for HEI’s current fiscal year. The highest revenue estimate was $2.8B, while the lowest revenue estimate was $2.67B, resulting in an average revenue estimate of $2.73B. In the same quarter a year ago, actual revenue was $2.21B, up 23.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.96B in the next fiscal year. The high estimate is $3.1B and the low estimate is $2.81B. The average revenue growth estimate for next year is up 8.60% from the average revenue estimate for this year.