Heico Corporation (NYSE:HEI) is reporting third quarter financial results on Tuesday 25th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, HEI is expected to report 3Q20 income of $ 0.32 per share from revenue of $ 384.47 million.
For the full year, analysts anticipate top line of $ 1762.72 million, while looking forward to income of $ 2.11 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,179.00 million ~ $ 2,220.00 million
Click Here For More Historical Outlooks Of Heico Corporation
Previous Quarter Performance
Heico Corporation outlined income for the second quarter of $ 0.55 per share, from the revenue of $ 468.15 million. The quarterly earnings declined 8.33 percent compared with the same quarter last year. According to street consensus, HEI was expected to report 2Q20 income of $ 0.44 per share from revenue of $ 462.86 million. The bottom line results beat street analysts by $ 0.11 or 25.00 percent, at the same time, top line results outshined analysts by $ 5.29 million or 1.14 percent.
Stock Performance
Shares of Heico Corporation traded high $ 4.86 or 4.59 percent on Monday, reaching $ 110.66 with volume of 452.40 thousand shares. Heico Corporation has traded high as $ 110.70 and has cracked $ 106.15 on the downward trend
According to the previous trading day, closing price of $ 110.66, representing a 103.42 % increase from the 52 week low of $ 52.01 and a 28.48 % decrease over the 52 week high of $ 147.93.
The company has a market capital of $ 13.26 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 15th July 2020, maintained by SunTrust Robinson Humphrey at Hold rating, with $ 90.00 target price.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The companys Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft.
