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    HEICO PT Raised to $235 at Stifel

    Latest News

    Stifel analysts raised the worth goal on HEICO (NYSE:) to $235.00 (from $230.00) whereas sustaining a Purchase ranking.

    The analysts remark “HEICO reported F2Q EPS of $0.88 vs. our and the consensus estimate of $0.81 on higher income of $955m (consensus $951m and our $941m estimate). F2Q was a clear quarter with gross revenue, working revenue, EBITDA and internet revenue all outpacing our expectations on the again of higher ends in ETG (gross sales +12% q/q, +4% natural y/y) and FSG (gross sales +5% q/q, +12% natural y/y and +21% for aftermarket substitute components). Working margin rose 180bps sequentially to 21.9%, which was solidly forward of expectations and helped drive a 9% EPS beat when paired with barely larger gross sales. That enchancment in working margin was a operate of each segments bettering profitability, however ETG improved extra q/q. The expansion trajectory does not seem like altering a lot for HEICO, and we expect rising estimates will assist momentum as buyers stability a really robust aftermarket place with uncertainty round future air journey demand.”

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