Latest news with #HEICO
Yahoo
17 hours ago
- Business
- Yahoo
AeroVironment (AVAV) Reports Earnings Tomorrow: What To Expect
Aerospace and defense company AeroVironment (NASDAQ:AVAV) will be announcing earnings results this Tuesday afternoon. Here's what investors should know. AeroVironment missed analysts' revenue expectations by 10.9% last quarter, reporting revenues of $167.6 million, down 10.2% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts' expectations significantly and full-year EBITDA guidance missing analysts' expectations significantly. Is AeroVironment a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AeroVironment's revenue to grow 23.7% year on year to $243.7 million, improving from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AeroVironment has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 5.6% on average. Looking at AeroVironment's peers in the aerospace and defense segment, some have already reported their Q1 results, giving us a hint as to what we can expect. HEICO delivered year-on-year revenue growth of 14.9%, beating analysts' expectations by 3.5%, and Redwire reported a revenue decline of 30.1%, falling short of estimates by 16.5%. HEICO traded up 7.4% following the results while Redwire's stock price was unchanged. Read our full analysis of HEICO's results here and Redwire's results here. Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices flat over the last month. AeroVironment is up 7.2% during the same time and is heading into earnings with an average analyst price target of $195.38 (compared to the current share price of $190.94). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Associated Press
11-06-2025
- Business
- Associated Press
HEICO Corporation Increases Cash Dividend By 9%
$.12 per share cash dividend declared HOLLYWOOD, FL / ACCESS Newswire / June 11, 2025 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared a $.12 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is 9% greater than the Company's last cash dividend of $.11 per share paid earlier this year. The dividend is HEICO's 94th consecutive semiannual cash dividend since 1979. The dividend is payable on July 15, 2025 to all shareholders of record on July 1, 2025. Laurans A. Mendelson, HEICO's Executive Chairman, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chief Executive Officers, remarked, 'HEICO's results have been excellent and we are very excited about the Company's promising outlook. Accordingly, our Board of Directors continued its history of periodically increasing HEICO's dividend. All HEICO Team Members participating in the Company's 401K plan will share in the dividend through their share ownership in the plan, which recognizes our remarkable people.' HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cyber security events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to, filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Contacts: Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570 SOURCE: HEICO Corporation press release
Yahoo
10-06-2025
- Business
- Yahoo
VPT Announces New VP of North American Sales, Trevor Rice
BLACKSBURG, Va., June 10, 2025 /PRNewswire/ -- VPT, Inc., a global leader in high-reliability power conversion solutions and a HEICO company (NYSE: HEI.A) (NYSE: HEI), is pleased to announce the appointment of Trevor Rice as Vice President of North American Sales. With more than 25 years of sales management experience, Rice will lead VPT's Outside Sales Team, Inside Sales Operations, and an extensive network of North American representatives. His leadership will be instrumental in advancing VPT's mission to deliver high-reliability DC-DC power conversion solutions. Prior to joining VPT, Rice spent 16 years with XP Power, a global manufacturer of AC-DC, DC-DC, high voltage, and RF power solutions. As Director of Sales, he led a team of Direct Sales Managers serving key sectors including semiconductor fabrication, healthcare, industrial, and defense markets. Rice began his career at Blacksburg-based Luna Innovations, where he held multiple engineering and sales positions, including Director of Business Development. He holds a Bachelor of Science in Mechanical Engineering from Virginia Polytechnic Institute and State University. "I'm thrilled to join VPT and contribute to a company with such a strong legacy in high-reliability power solutions," said Trevor Rice. "I look forward to working with our sales team and representatives to build on their successes and deliver value to our customers across North America." "Trevor's extensive technical background and decades of leadership in power conversion solutions make him an exceptional addition to our team," said Paul Andersen, who previously served as VPT's Vice President of North American Sales. "His addition to the team reinforces VPT's commitment to innovation and delivering customer-focused solutions in the power electronics industry." To learn more about VPT's leadership team and high-reliability power solutions, visit About VPT and HEICOVPT, Inc., part of the HEICO Electronic Technologies Group, is a global provider of innovative DC-DC power converters and EMI filters for avionics, military and space applications. Every day, organizations like NASA, Lockheed Martin, Boeing, BAE Systems, Thales, and many more depend on high-reliability solutions from VPT to power critical systems. For more information about VPT, please visit HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) is engaged primarily in niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. For more information about HEICO, please visit Products described in this communication are subject to all export license restrictions and regulations which may include but are not limited to ITAR (International Traffic in Arms Regulations) and the Export Administration and Foreign Assets Control Regulations. Further restrictions may apply. The information provided is considered accurate at time of publication, errors or omissions excepted. VPT, Inc. reserves the right to make changes to products or services without prior notification and advises customers to obtain the latest version of all relevant technical information from VPT to verify data prior to placing orders. VPT, its logo and tagline are registered trademarks in the U.S. Patent and Trademark Office. All other names, product names and trade names may be trademarks or registered trademarks of their respective holders. View original content to download multimedia: SOURCE VPT, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Reasons to Add HEICO Stock to Your Investment Portfolio Now
HEICO Corporation HEI benefits from its aviation aftermarket services and precise acquisition strategy, which has played an essential part in the company's overall growth. Given its strong growth and debt management, HEI makes for a solid investment option in the Zacks Aerospace Defense Equipment focus on the reasons that make this Zacks Rank #2 (Buy) stock an attractive investment pick at the moment. The Zacks Consensus Estimate for HEI's fiscal 2025 earnings per share (EPS) has increased 1.4% to $4.48 per share over the past 30 Zacks Consensus Estimate for its fiscal 2025 revenues is pegged at $4.34 billion, which implies a rise of 12.5% from the fiscal 2024 reported sales company's long-term (three to five years) earnings growth rate is 17.4%. HEI surpassed expectations in the last four reported quarters and delivered an average earnings surprise of 11.87%. HEICO's return on invested capital (ROIC) has outperformed the industry average in the trailing 12 months. Currently, HEI's ROIC is 9.95% compared with the industry average of 4.43%. The ROIC evaluates a company's ability to earn returns on its investments. Return on equity (ROE) indicates how efficiently a company has been utilizing its shareholders' funds to generate returns. Currently, HEICO's ROE is 15.88% compared to its industry's average of 11.08%. This indicates that the company has been utilizing its funds more constructively than its peers in the industry. HEI's current ratio at the end of the second quarter of fiscal 2025 was 3.43, higher than the industry's average of 1.74. A current ratio greater than one indicates that the company has enough short-term assets to liquidate to cover all short-term liabilities, if necessary. Currently, HEICO's total debt to capital is 36.08%, much better than the industry's average of 52.25%.HEI's times interest earned ratio at the end of the second quarter of fiscal 2025 was 6.6. The ratio, being greater than one, reflects the company's ability to meet future interest obligations without difficulties. In April 2025, Heico bought Rosen Aviation's entire ownership stake. Rosen designs and manufactures in-flight entertainment (IFE) products, principally in-cabin displays and control panels. In February 2025, the company announced that its Flight Support Group had purchased a 90% share in Millennium International, LLC, a supplier of business jet avionics repair solutions that specializes in mission-critical repairs and maintenance for both next-generation and legacy avionics acquisitions strengthen HEICO's position in high-value cockpit avionics, increasing its market footprint, product offerings and aviation aftermarket services. In the past six months, HEI shares have rallied 13.8% against the industry's decline of 4.9%. Image Source: Zacks Investment Research A few other top-ranked stocks from the same industry are Leonardo DRS, Inc. DRS, Curtiss-Wright Corp. CW and Woodward, Inc. WWD, each carrying a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks long-term earnings growth rate is 14.6%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.08, which suggests a year-over-year rise of 16.1%.CW's long-term earnings growth rate is 12%. The Zacks Consensus Estimate for 2025 EPS is pegged at $12.61, which implies an improvement of 15.7%.Woodward's long-term earnings growth rate is 13%. The Zacks Consensus Estimate for fiscal 2025 EPS is pegged at $6.22, which indicates year-over-year growth of 1.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report Leonardo DRS, Inc. (DRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
02-06-2025
- Business
- Business Insider
Barclays Remains a Hold on HEICO (HEI)
Barclays analyst David E. Strauss maintained a Hold rating on HEICO (HEI – Research Report) on May 30 and set a price target of $280.00. Confident Investing Starts Here: E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and ATI. According to TipRanks, E. Strauss has an average return of 9.9% and a 62.93% success rate on recommended stocks. In addition to Barclays, HEICO also received a Hold from Wells Fargo's Matthew Akers in a report issued on May 30. However, on May 29, Jefferies maintained a Buy rating on HEICO (NYSE: HEI). Based on HEICO's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.03 billion and a net profit of $167.96 million. In comparison, last year the company earned a revenue of $896.36 million and had a net profit of $114.7 million Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HEI in relation to earlier this year. Most recently, in April 2025, Julie Neitzel, a Director at HEI sold 700.00 shares for a total of $172,361.00.
