H&E Equipment Services (HEES) to Release Earnings on Tuesday

H&E Equipment Services (NASDAQ:HEES) will post its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect H&E Equipment Services to post earnings of $1.00 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. H&E Equipment Services’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. On average, analysts expect H&E Equipment Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

H&E Equipment Services Stock Performance

HEES stock opened at $53.27 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. H&E Equipment Services has a twelve month low of $38.06 and a twelve month high of $66.18. The business’s fifty day moving average is $46.56 and its 200-day moving average is $52.48. The company has a market cap of $1.95 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.94 and a beta of 1.89.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were paid a $0.275 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.06%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Analysts Set New Price Targets

HEES has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Raymond James began coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating on the stock. UBS Group decreased their price objective on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.