H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.275 per share by the industrial products company on Monday, February 24th. This represents a $1.10 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, February 18th.
H&E Equipment Services has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect H&E Equipment Services to earn $3.85 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 28.6%.
H&E Equipment Services Trading Up 0.1 %
NASDAQ HEES traded up $0.06 during mid-day trading on Tuesday, reaching $86.86. 888,745 shares of the stock were exchanged, compared to its average volume of 1,424,461. The stock has a market cap of $3.18 billion, a P/E ratio of 22.05 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services has a one year low of $40.92 and a one year high of $90.66. The stock has a 50 day simple moving average of $66.30 and a 200-day simple moving average of $56.15.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on HEES. StockNews.com began coverage on H&E Equipment Services in a research report on Sunday. They set a "hold" rating on the stock. UBS Group reissued a "neutral" rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Finally, 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 report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $69.25.
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About H&E Equipment Services
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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.
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