“MaxLinear reported 4Q17 revenue that was in line with guidance while NG EPS beat by a penny. However, 1Q18 revenue guidance came in lower than our forecast reflecting headwinds in the optical, ForceTouch, MoCA, satellite and Industrial & Multi-Market segments. On a positive note, NG GM was better than expected in both 4Q17 results and 1Q18 guidance. Though we remain encouraged by the strong pipeline of upcoming Infrastructure products and their respective potential market opportunities, we lower our EPS estimates for 2018 and 2019 and price target to $30 from $32 to remove risk revenue from our forecast.”,” Jefferies Group’s analyst wrote.
Other research analysts also recently issued research reports about the company. Canaccord Genuity restated a buy rating and set a $88.00 price target (up previously from $76.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $84.00 price target on Heico and gave the company a hold rating in a report on Friday, January 19th. Zacks Investment Research downgraded Heico from a buy rating to a hold rating in a report on Friday, December 22nd. Credit Suisse Group restated an outperform rating and set a $87.20 price target (up previously from $78.40) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price target on Heico to $76.80 and gave the company a buy rating in a report on Monday, December 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $82.00.
Heico (NYSE:HEI) last announced its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Heico had a return on equity of 15.70% and a net margin of 12.20%. The company had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the previous year, the business earned $0.52 EPS. Heico’s revenue was up 15.9% compared to the same quarter last year. equities research analysts anticipate that Heico will post 2.04 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd were issued a dividend of $0.056 per share. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a dividend yield of 0.15%. Heico’s dividend payout ratio (DPR) is 6.39%.
Hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Heico during the 4th quarter worth approximately $118,000. Captrust Financial Advisors purchased a new position in shares of Heico during the 4th quarter worth approximately $129,000. Ironwood Investment Counsel LLC purchased a new position in shares of Heico during the 3rd quarter worth approximately $201,000. RKL Wealth Management LLC purchased a new position in shares of Heico during the 3rd quarter worth approximately $201,000. Finally, BB&T Securities LLC purchased a new position in shares of Heico during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 21.18% of the company’s stock.
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Heico Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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