Earnings Per Share (EPS) matched the estimated EPS of $0.99, with a positive earnings surprise compared to the Zacks Consensus Estimate of $0.97.
Net income surged by 35% to a record $139.7 million, or $0.99 per diluted share, in the fourth quarter of fiscal 2024.
Valuation metrics indicate a high valuation with a P/E ratio of approximately 70.07 and a price-to-sales ratio of about 8.11.
Heico Corporation (NYSE:HEI) is a prominent player in the aerospace and electronics industries, known for its innovative products and services. The company specializes in the design, manufacture, and sale of aerospace, defense, and electronic products. HEI competes with other industry giants like Honeywell and Raytheon Technologies, striving to maintain its competitive edge through continuous innovation and strategic acquisitions.
On December 17, 2024, HEI reported earnings per share (EPS) of $0.99, aligning with the estimated EPS of $0.99. However, the company generated revenue of approximately $1.01 billion, slightly below the estimated $1.03 billion. Despite this, HEI’s EPS performance surpassed the Zacks Consensus Estimate of $0.97, showcasing a positive earnings surprise.
HEI’s financial performance for the fourth quarter of fiscal 2024 was impressive, with net income surging by 35% to a record $139.7 million, or $0.99 per diluted share. This marks a significant improvement from the previous year’s fourth-quarter net income of $103.4 million, or $0.74 per diluted share. For the entire fiscal year ending October 31, 2024, HEI’s net income rose by 27% to a record $514.1 million, or $3.67 per diluted share.
The company’s valuation metrics reveal interesting insights. HEI’s price-to-earnings (P/E) ratio is approximately 70.07, indicating a high valuation as investors are willing to pay $70.07 for every dollar of earnings. The price-to-sales ratio stands at about 8.11, suggesting that investors are paying $8.11 for every dollar of sales. These figures reflect the market’s confidence in HEI’s future growth prospects.
HEI maintains a strong financial position with a debt-to-equity ratio of 0.001, indicating minimal reliance on debt financing. The current ratio of approximately 3.11 suggests robust liquidity, ensuring the company can comfortably cover its short-term liabilities. This financial stability positions HEI well for future growth and expansion opportunities.
