Heico: Q4 Earnings Insights
Shares of Heico (NYSE:HEI) fell 0.17% in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share decreased 27.42% over the past year to $0.45, which beat the estimate of $0.41.
Revenue of $426,178,000 declined by 21.30% from the same period last year, which beat the estimate of $414,780,000.
Outlook
Heico hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $137.97
52-week low: $52.01
Price action over last quarter: Up 24.04%
Company Profile
Heico is an aerospace and defense supplier that primarily focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement parts for aircraft, primarily within the engine. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. The company is highly acquisitive, focusing on companies that are generating strong cash flow with the potential for sustainable growth.
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