<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We have recently published an updated research report on HEICO Corporation HE I. The company's adjusted earnings for the fourth quarter of fiscal 2018 are 49 cents per share, which is in line with the Zacks consensus estimate. "Data-reactid =" 11 "> We recently published an updated research report on HEICO Corporation HE I. The company's adjusted earnings for the fourth quarter of fiscal 2018 are 49 cents per share, which is consistent with Zacks' consensus estimate.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "HEICO Corp. currently holds only 2% of the spare parts for aircraft engines and aircraft components.

What is the engine of the stock?

The disciplined acquisition strategy of HEICO Corp. has been an important part of the overall growth of the company, thus completing its organic growth. In August 2018, HEICO Corp. has finalized the acquisition of Optical Display Engineering, specializing in the display of secondary market avionics. With this transaction, HEICO Corp. completed four acquisitions in fiscal 2018. We expect these acquisitions to expand the Company's product portfolio and client base, which should enable it to maintain good cash flow.

HEICO Corp. continues to post a solid financial performance. Net cash provided by operating activities increased 13.9% to $ 328.5 million at the end of the fourth quarter of the year compared with the same quarter last year. Such balance sheet and cash flow generation capability provides the Company with financial flexibility in dividend acquisition and acquisitions.

The estimations for HEICO Corp. have been revised upwards in the last 30 days. Notably, the company's net profit has exceeded the consensual mark in two of the last three quarters.

However, the company is subject to interest rate risk related to debt issuance. The substantial rise in long-term interest rates is a major risk for capital-intensive equities such as HEICO Corp. With the US economy favoring rising interest rates, the credit market may not be very favorable for HEICO Corp. . "data-reactid =" 12 "> HEICO Corp. currently holds only 2% of the market for spare parts for aircraft engines and aircraft components. a huge potential for expansion in this area.

What is the engine of the stock?

The disciplined acquisition strategy of HEICO Corp. has been an important part of the overall growth of the company, thus completing its organic growth. In August 2018, HEICO Corp. has finalized the acquisition of Optical Display Engineering, specializing in the display of secondary market avionics. With this transaction, HEICO Corp. completed four acquisitions in fiscal 2018. We expect these acquisitions to expand the Company's product portfolio and client base, which should enable it to maintain good cash flow.

HEICO Corp. continues to post a solid financial performance. Net cash provided by operating activities increased 13.9% to $ 328.5 million at the end of the fourth quarter of the year compared with the same quarter last year. Such balance sheet and cash flow generation capability provides the Company with financial flexibility in dividend acquisition and acquisitions.

The estimations for HEICO Corp. have been revised upwards in the last 30 days. Notably, the company's net profit has exceeded the consensual mark in two of the last three quarters.

However, the company is subject to interest rate risk related to debt issuance. The substantial rise in long-term interest rates is a major risk for capital-intensive equities such as HEICO Corp. With the US economy favoring rising interest rates, the credit market may not be very favorable for HEICO Corp. .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heico Corporation Awards and Consensus"data-reactid =" 13 ">Heico Corporation Awards and Consensus

Heico Corporation Awards and Consensus | Heico Corporation Quotation

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Zacks Rank & Other Key Choices"data-reactid =" 22 ">Zacks Rank & Other Key Choices

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "HEICO Corporation currently holds a Zack ranking of n ° 2 ( Buy).

AeroVironment, Inc., AVAV, Teledyne Technologies Incorporated TDY and The Boeing Company BA are among the top ranked companies in the same industry.

While AeroVironment and Teledyne Technologies rank first in Zacks (strong buy), Boeing is Zacks second. You can see the complete list of current stocks of Zacks # 1.

AeroVironment has had an average positive earnings surprise of 257.01% in the last four quarters. The Zacks consensus estimates for the 2019 fiscal year have risen 33.3% to US $ 1.48 in the last 90 days.

Teledyne Technologies has announced an average positive earnings surprise of 12.92% over the past four quarters. The Zacks consensus estimates for 2019 have risen 5.26% to $ 9.00 in the last 90 days.

Boeing generated an average positive earnings surprise of 28.01% over the last four quarters. The Zacks Consensus estimates for 2019 have risen 4.40% to $ 18.09 over the last 90 days.

The hottest tech mega trend of all

Last year, it generated global revenues of $ 8 billion. By 2020, it is expected to climb to $ 47 billion. Well-known investor Mark Cuban said it would produce "the world's first trillionaires", but that should still leave a lot of money for regular investors who quickly make the right deals.

See the 3 best Zacks actions to play this trend >>"data-reactid =" 23 "> HEICO Corporation currently holds a Zacks # 2 (purchase) ranking.

AeroVironment, Inc., AVAV, Teledyne Technologies Incorporated TDY and The Boeing Company BA are among the top ranked companies in the same industry.

While AeroVironment and Teledyne Technologies rank first in Zacks (strong buy), Boeing is Zacks second. You can see the complete list of current stocks of Zacks # 1.

AeroVironment has had an average positive earnings surprise of 257.01% in the last four quarters. The Zacks consensus estimates for the 2019 fiscal year have risen 33.3% to US $ 1.48 in the last 90 days.

Teledyne Technologies has announced an average positive earnings surprise of 12.92% over the past four quarters. The Zacks consensus estimates for 2019 have risen 5.26% to $ 9.00 in the last 90 days.

Boeing generated an average positive earnings surprise of 28.01% over the last four quarters. The Zacks Consensus estimates for 2019 have risen 4.40% to $ 18.09 over the last 90 days.

The hottest tech mega trend of all

Last year, it generated global revenues of $ 8 billion. By 2020, it is expected to climb to $ 47 billion. Well-known investor Mark Cuban said it would produce "the world's first trillionaires", but that should still leave a lot of money for regular investors who quickly make the right deals.

See the 3 best Zacks actions to play this trend >>

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report

The Boeing Company (BA): Free Stock Analysis Report

Heico Corporation (HEI): Free Stock Analysis Report

AeroVironment, Inc. (AVAV): Report of Analysis of Free Shares

To read this article on Zacks.com, click here.

Zacks Investment Research"data-reactid =" 24 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report

The Boeing Company (BA): Free Stock Analysis Report

Heico Corporation (HEI): Free Stock Analysis Report

AeroVironment, Inc. (AVAV): Report of Analysis of Free Shares

To read this article on Zacks.com, click here.

Zacks Investment Research