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

H&E Equipment Services (NASDAQ:HEES - Get Free Report) released its earnings results on Friday. The industrial products company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.18, Zacks reports. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million.

H&E Equipment Services Stock Performance

Shares of HEES stock traded down $0.81 during trading hours on Tuesday, reaching $95.93. The stock had a trading volume of 1,201,943 shares, compared to its average volume of 1,428,423. The firm has a market capitalization of $3.51 billion, a PE ratio of 24.35 and a beta of 1.93. The firm has a 50-day simple moving average of $73.40 and a 200-day simple moving average of $59.31. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $101.28. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.15%. H&E Equipment Services's dividend payout ratio is currently 32.64%.

Analyst Upgrades and Downgrades

HEES has been the subject of a number of research reports. StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Tuesday. They issued a "hold" rating for the company. B. Riley reaffirmed a "buy" rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Finally, UBS Group reiterated a "neutral" rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $71.33.

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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.