As per Heico Corporation (NYSE:HEI)’s news release on 2016-06-06, its shareholders will get cash dividend of $0.08 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-05 and 2016-07-19, respectively.
The stock will commence trading ex-dividend from 2016-06-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Heico Corporation (NYSE:HEI) disbursed $0.08 in dividend compared to distribution of $0.08, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -70.2128%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Heico Corporation (NYSE:HEI) to attain a price target of $73.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $75. The low price range is set at $72 for next year while the arithmetic mean is seen at 3.
Eyeing Earnings Heico Corporation (NYSE:HEI) is likely to post quarterly numbers around 2016-12-20 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.62 for the period ending on 2016-10-31.
In last quarter ended 2015-10-31, Heico Corporation (NYSE:HEI) earnings came at $0.62 suggesting a deviation of $0.04. The brokerages targeted EPS of $0.58 for the quarter.
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