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Last $50.42 USD
Change Today -0.26 / -0.51%
Volume 148.2K
HEI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

heico corp (HEI) Snapshot

Open
$50.76
Previous Close
$50.68
Day High
$51.25
Day Low
$50.37
52 Week High
05/20/15 - $63.73
52 Week Low
10/10/14 - $46.03
Market Cap
3.1B
Average Volume 10 Days
284.8K
EPS TTM
$1.87
Shares Outstanding
26.9M
EX-Date
07/1/15
P/E TM
26.9x
Dividend
$0.14
Dividend Yield
0.28%
Current Stock Chart for HEICO CORP (HEI)

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heico corp (HEI) Details

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company’s Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government. This segment also distributes hydraulic, pneumatic, 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 airlines, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircrafts. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio interference shielding; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; underwater locator beacons; traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; and radio frequency and microwave amplifiers, transmitters, and receivers that link devices, such as telemetry receivers, digital cameras, high resolution scanners, simulation systems, and test systems to computers. The company serves the U.S. and foreign military agencies; prime defense contractors; and medical, telecommunications, electronics, commercial, and defense satellite and spacecraft equipment manufacturers. The company was founded in 1949 and is headquartered in Hollywood, Florida.

3,500 Employees
Last Reported Date: 12/18/14
Founded in 1949

heico corp (HEI) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.3M
Co-President, Director, Member of Environment...
Total Annual Compensation: $703.2K
Co-President, Director, Member of Environment...
Total Annual Compensation: $703.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $553.0K
Senior Executive Vice President and Member of...
Total Annual Compensation: $238.3K
Compensation as of Fiscal Year 2014.

heico corp (HEI) Key Developments

HEICO Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015; Provides Earnings Guidance for the Year 2015

HEICO Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, the company reported net income increased 3% to a record $34.4 million, or 51 cents per diluted share, in the third quarter of fiscal 2015, up from $33.4 million, or 49 cents per diluted share, in the third quarter of fiscal 2014. Operating income increased 17% to a record $58.5 million in the third quarter of fiscal 2015, up from $50.1 million in the third quarter of fiscal 2014. Net sales increased 3% to a record $300.4 million and increased 2% to a record $860.0 million in the third quarter. Income before income taxes and non-controlling interests was $57.238 million against $48.752 million a year ago. For the nine months, the company reported net income increased 7% to a record $95.1 million, or $1.40 per diluted share, up from $89.2 million, or $1.32 per diluted share, in the first nine months of fiscal 2014. Operating income increased 7% to a record $160.7 million in the first nine months of fiscal 2015, up from $149.7 million in the first nine months of fiscal 2014. Net sales in first nine months of fiscal 2015, up from $291.0 million and $840.1 million in the third quarter and first nine months of fiscal 2014. Income before income taxes and non-controlling interests was $157.733 million against $146.094 million a year ago. Net cash provided by operating activities was $121.289 million against $127.233 million a year ago. Capital expenditures were $13.767 million against $12.261 million a year ago. For the year 2015, The company anticipates organic growth within product lines that serve the commercial aviation markets moderated by lower demand for certain industrial-related products within specialty products lines. Despite the currency headwinds impacting foreign subsidiaries in the Electronic Technologies Group, the company forecasts modest full year organic growth in that operating segment. During the remainder of fiscal 2015, the company plan to continue focus on new product development, further market penetration, executing acquisition strategies and maintaining financial strength. Based on current economic visibility, the company estimates consolidated fiscal 2015 year-over-year growth in net sales to approximate 5% versus prior estimate of 8%-10% and net income growth to approximate 8% which is within prior estimate of 8%-10%. The company have raised full year fiscal 2015 consolidated operating margin estimate to approximate 18.5%, versus prior estimate of approximately 18%. Additionally, the company anticipates depreciation and amortization, capital expenditures and cash flow from operations to approximate $48 million, $20 million and $200 million, respectively.

HEICO Mulls Acquisitions

HEICO Corporation (NYSE:HEI) is looking for acquisitions. Laurans Mendelson, Chairman of the company said, "I think that is accurate. I think there are a lot of transactions. We have actually one and a half people working on we used to have one person that's focused strictly on M&A. But the pipeline is good. In theory it's good. We are looking in Europe; we're looking in the US. But to predict an acquisition is such a risky thing and to give people false hope I do think the more we have, the more likely we are to make more the odds are we will do more acquisitions and some of the ones we see are really terrific and we have to nail them down, but as to when and how, I don't know."

HEICO Eyes Acquisitions

HEICO Corporation (NYSE:HEI) is looking for acquisition opportunities. Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer of HEICO, commented on HEICO's third quarter results stating, "we have no significant debt maturities until fiscal 2019 and plan to utilize our financial flexibility to aggressively pursue high quality acquisition opportunities to accelerate growth and maximize shareholder returns. To date we successfully completed six acquisitions in fiscal 2015, including three since the close of our fiscal 2015 third quarter. As we look ahead to the remainder of fiscal 2015, we anticipate organic growth within our product lines that serve the commercial aviation markets moderated by lower demand for certain industrial-related products within our specialty products lines."

 

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Industry Analysis

HEI

Industry Average

Valuation HEI Industry Range
Price/Earnings 27.0x
Price/Sales 2.9x
Price/Book 4.4x
Price/Cash Flow 10.7x
TEV/Sales 0.8x
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