Heico Corporation (HEI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.77 per share a year ago.
While the top- and bottom-line numbers for Heico (HEI) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 26, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net income increased 34% to a record $136.6 million, or $.97 per diluted share, in the third quarter of fiscal 2024, up from $102.0 million, or $.74 per diluted share, in the third quarter of fiscal 2023. Net income increased 25% to a record $374.4 million, or $2.67 per diluted share, in the first nine months of fiscal 2024, up from $300.2 million, or $2.17 per diluted share, in the first nine months of fiscal 2023.
HEICO (HEI) has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems, which will expand the company's operations and boost its earnings.
HEICO Corporation HEI is set to release earnings results for its third quarter, after the closing bell on Monday, Aug. 26.
Besides Wall Street's top -and-bottom-line estimates for Heico (HEI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.
Heico (HEI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Heico Corp (NYSE: HEI), a leading aerospace and electronics company, recently achieved a significant milestone by reaching an all-time high, with shares peaking at $257.19.
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HEICO (HEI) makes a strong case for investment in the Aerospace sector, given its solid growth prospects, favorable liquidity and solvency.