HEICO Corp. on Tuesday reported third-quarter adjusted earnings per share of $1.67, surpassing the $1.51 consensus estimate by $0.16, according to data compiled by Investing.com.
Revenue for the quarter increased 4.4% year-over-year to $1.41 billion, beating the $1.35 billion consensus forecast. The aerospace components manufacturer attributed the results to continued demand across its aviation and defense end-markets.
The company’s stock closed at $351.05 on Tuesday, up 0.82% over the past three months and 10.90% over the last 12 months. Over the last 90 days, 14 analysts revised their EPS estimates upward, while one issued a downward revision, according to InvestingPro.
HEICO’s financial health was rated as "great performance" by InvestingPro, reflecting its consistent earnings delivery and revenue growth trajectory.
