Heico Corp

HEI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$389.00	Zhbxhps	Vckwflqkn

Heico Earnings: Solid Results and Prospects for Continued Acquisition; Fair Value Up 1% to $173

Nicolas Owens

May 29, 2024

Heico's second-quarter 2024 operating margins came in very close to our overall expectations. We tweaked the growth rates of the company's subordinate businesses and increased our forecast for the amount of growth it will likely acquire in the medium term, though these changes had very little effect on our fair value estimate, which we have updated to $173 per share from $171.

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