HEICO (NYSE:HEI) reported Q1 EPS $0.45, better than analyst estimates of $0.44 per share. Revenues for the quarter rose 22.1% year-over-year to $212.65 million, topping consensus estimates of $205.84 million
Laurans A. Mendelson, HEICO's Chairman and CEO, commented on the Company's first quarter consolidated results stating, "We are very pleased to report record quarterly highs in consolidated net sales and operating income for our first quarter of fiscal 2012 driven principally by record all-time net sales and operating income within our Electronic Technologies Group and record first quarter net sales and operating income within our Flight Support Group."
HEICO (NYSE:HEI) has potential upside of 4.5% based on a current price of $58.29 and an average consensus analyst price target of $60.9.
HEICO is currently above its 50-day moving average (MA) of $57.33 and above its 200-day of $54.01.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.25%.
HEICO Corporation designs, manufactures, and sells aerospace products and services through its subsidiaries. The Company's customers include airlines and airmotive, as well as defense contractors and military agencies worldwide, including the United States Air Force, the United States Navy, and the National Aeronautics & Space Administration (NASA).
