Defense stocks were on fire in 2024, with names like HEICO NYSE: HEI gaining more than 50% at the movement's peak. Now, pulling back, the question is whether this aerospace company is a buy or is it time to fly the coop, sit on the fence, and wait for better prices.
HEICO Corporation (NYSE:HEI ) Q4 2024 Earnings Call Transcript December 18, 2024 9:00 AM ET Company Participants Laurans Mendelson - Chairman and CEO Eric Mendelson - Co-President & President of Flight Support Group Victor Mendelson - Co-President & President of Electronic Technologies Group Carlos Macau - EVP and CFO Conference Call Participants Larry Solow - CJS Securities Scott Mikus - Meliu...
Shares of Heico (HEI) tumbled Wednesday, a day after the aircraft parts and electronic equipment provider backed by billionaire investor Warren Buffett reported weaker-than-expected fourth-quarter sales as demand for defense products slid.
HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / December 17, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported net income increased 35% to a record $139.7 million, or $.99 per diluted share, in the fourth quarter of fiscal 2024, up from $103.4 million, or $.74 per diluted share, in the fourth quarter of fiscal 2023. Net income increased 27% to a record $514.1 million, or $3.67 per dilut...
$.11 per share cash dividend declared HOLLYWOOD, FL / ACCESSWIRE / December 17, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared an $0.11 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The dividend is HEICO's 93rd consecutive semiannual cash dividend since 1979.
Analysts expect the Heico earnings report to show robust but decelerating growth on the top line. The post Warren Buffett Defense Pick Heico Eyes A Billion-Dollar Quarter appeared first on Investor's Business Daily.
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