- Heico’s fourth quarter earnings per share (EPS) matched expectations at 99 cents.
- Heico reported net sales of $1.01 billion, slightly below the expected $1.05 billion.
- The Flight Support Group achieved net sales of $691.8 million, underperforming its $704.6 million estimate.
- The Electronic Technologies Group reported net sales of $336.2 million, missing the anticipated $355.8 million target.
- Overall operating income was reported at $218.6 million, falling short of the $225.4 million forecast.
- The Flight Support Group’s operating income came in at $154.5 million, slightly below the $157.6 million expectation.
- Analysts’ recommendations include 13 “buys”, 6 “holds”, and 1 “sell” on Heico’s stock.
HEICO Corp on Smartkarma
HEICO Corp is gaining attention from analysts on Smartkarma, with Baptista Research conducting a detailed analysis of the company’s recent performance and strategic moves. Their report, “HEICO Corporation: Will The Acquisition of Capewell’s Aerial Delivery & Emergency Egress Divisions Be A Game Changer? – Major Drivers”, highlights the robust financial results of HEICO’s third quarter fiscal 2024. With significant increases in operating income and net sales, setting new records, HEICO is showing strength in its core markets. Baptista Research delves into the potential impact of recent acquisitions and expanded product lines on the company’s future valuation.
A look at HEICO Corp Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
HEICO Corp, known for designing, manufacturing, and selling aerospace products and services, has received varying Smart Scores across different factors. With a higher score in Growth and Momentum, the company shows promising potential for expanding its offerings and maintaining market momentum. This indicates a positive outlook for long-term business growth and sustained performance in the aerospace industry.
The company’s moderate scores in Value, Dividend, and Resilience suggest a balanced approach to financial stability and shareholder returns. While not excelling in these areas, HEICO Corp‘s focus on growth and momentum could position it well for capturing new opportunities and solidifying its presence in the aerospace market. Overall, given its diversified customer base and reputable clients like defense contractors and military agencies, HEICO Corp appears set to leverage its strengths for future success.
HEICO Corporation Description:
HEICO Corporation designs, manufactures, and sells aerospace products and services through its subsidiaries. The Company’s customers include airlines, airmotive, defense contractors, and military agencies worldwide, such as the United States Air Force, the United States Navy, and NASA.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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