HEICO Corporation Reports Second Quarter of Fiscal 2020 Results

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Go back to HEICO Corporation Reports Second Quarter of Fiscal 2020 Results

HEICO (HEI) PT Raised to $100 at Canaccord Genuity Following 2Q

May 28, 2020 8:33 AM EDT

Canaccord Genuity analyst Ken Herbert raised the price target on HEICO (NYSE: HEI) to $100.00 (from $90.00) while maintaining a Hold rating following the company's 2Q earnings report. The company posted total 2Q sales decline of 9% and a 9% decline in EBITDA. The company also reported EPS of... More

Heico Corp. (HEI) Tops Q2 EPS by 11c, Revenues Beat

May 26, 2020 4:18 PM EDT

Heico Corp. (NYSE: HEI) reported Q2 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $468.1 million versus the consensus estimate of $462.86 million.

In the second quarter of fiscal 2020, net income decreased 8% to $75.5 million, or 55 cents per diluted share, as compared to $81.8 million, or 60 cents per diluted share, in the second quarter of fiscal 2019.In the second quarter of fiscal 2020, operating income decreased 9% to $108.2 million, as compared to $119.2 million in the second quarter of fiscal 2019.The Company's consolidated operating margin was 23.1% in both the second... More