H&E Equipment Services (NASDAQ:HEES) Releases Quarterly Earnings Results

H&E Equipment Services (NASDAQ:HEES) released its quarterly earnings results on Friday. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18, Zacks reports. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%.

H&E Equipment Services Trading Down 2.2 %

Shares of NASDAQ HEES traded down $2.21 on Friday, reaching $98.14. 883,578 shares of the company traded hands, compared to its average volume of 1,455,855. The stock has a market capitalization of $3.59 billion, a PE ratio of 24.91 and a beta of 1.93. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The company has a 50 day moving average of $71.73 and a 200 day moving average of $58.39.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services’s payout ratio is 27.92%.

Analyst Ratings Changes

A number of equities research analysts have commented on HEES shares. StockNews.com initiated coverage on H&E Equipment Services in a report on Monday. They set a “hold” rating on the stock. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Finally, UBS Group reissued a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and a consensus price target of $69.25.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.