Benzinga - by Avi Kapoor, Benzinga Staff Writer.
HEICO Corporation (NYSE: HEI) is projected to release financial results for the fourth quarter ended Oct. 31, 2023, after the closing bell on Dec. 18, 2023.
Analysts expect the company to post quarterly earnings at 68 cents per share, down from year-ago earnings of 70 cents per share. The company’s revenue might come in at $908.34 million for the latest quarter, compared to $609.64 million in the year-earlier period, according to Benzinga Pro.
Heico, during August, reported a third-quarter revenue increase of 27% year-over-year to $722.9 million, beating the consensus of $701.7 million.
HEICO shares fell 1.6% to close at $183.01 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Deutsche Bank analyst Scott Deuschle initiated coverage on the stock with a Buy rating and a price target of $192 on Sept. 28, 2023. This analyst has an accuracy rate of 64%.
- Benchmark analyst Josh Sullivan maintained a Buy rating and increased the price target from $170 to $185 on Aug. 30, 2023. This analyst has an accuracy rate of 74%.
- Baird analyst Peter Arment maintained an Outperform rating and boosted the price target from $186 to $208 on Aug. 30, 2023. This analyst has an accuracy rate of 82%.
- Morgan Stanley analyst Stephen Trent reinstated an Equal-Weight rating with a price target of $184 on Aug. 18, 2023. This analyst has an accuracy rate of 62%.
- B of A Securities analyst Ronald Epstein maintained a Neutral rating and increased the price target from $190 to $220 on June 13, 2023. This analyst has an accuracy rate of 63%.
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