Stifel analysts elevated their worth goal on HEICO (NYSE:) from $230.00 to $235.00 however maintained their Purchase score.

Analysts commented: “HEICO reported second quarter EPS of $0.88, beating our and consensus estimates of $0.81, and revenues elevated to $955 million ($951 million consensus; our estimate was $941 million). Second quarter was a robust quarter with gross margin, working margin, EBITDA and web earnings all beating our expectations, pushed by sturdy efficiency from ETG (income up 12% sequentially, natural development up 4% year-over-year) and FSG (income up 5% sequentially, natural development up 12% year-over-year, aftermarket alternative components up 21%). “Working margins elevated 180 foundation factors sequentially to 21.9%, solidly beating expectations and, mixed with a slight improve in income, driving EPS up 9%. The advance in working margins was pushed by improved profitability in each segments, with ETG seeing extra sequential enchancment. HEICO's development trajectory doesn’t seem to have modified a lot, and we view the elevated expectations as a constructive. Momentum is constructing as buyers steadiness very sturdy aftermarket positions with uncertainty concerning future air journey demand.”