Heico Corp

HEI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$216.00	Cffjfs	Txkwbhrr

Heico Rides Tailwinds From Increased Flight Activity in Fiscal Second Quarter

Burkett Huey

May 24, 2022

Narrow-moat-rated Heico posted record operating income as increased global flight activity drove demand for aircraft maintenance, repair, and overhaul. Sales of $539 million and earnings per share of $0.62 beat FactSet consensus by 1.4% and 1.1%, respectively. After adjusting our model for fiscal second-quarter earnings, we are increasing our fair value estimate for Heico to $97 per share from $96.

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