H&E Equipment Services (NASDAQ:HEES) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

H&E Equipment Services (NASDAQ:HEES - Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.15), Briefing.com reports. The company had revenue of $384.86 million for the quarter, compared to analysts' expectations of $388.18 million. H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share.

H&E Equipment Services Price Performance

Shares of HEES traded down $3.57 on Tuesday, reaching $53.02. The stock had a trading volume of 513,113 shares, compared to its average volume of 271,697. The firm has a market capitalization of $1.94 billion, a PE ratio of 11.36, a PEG ratio of 11.71 and a beta of 1.84. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average of $48.60 and a 200 day moving average of $48.52. H&E Equipment Services has a twelve month low of $39.79 and a twelve month high of $66.18.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services's dividend payout ratio is currently 23.55%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HEES shares. Stifel Nicolaus cut their target price on H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. UBS Group cut their target price on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Finally, KeyCorp started coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a "sector weight" rating for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, H&E Equipment Services has an average rating of "Moderate Buy" and a consensus target price of $61.67.

About H&E Equipment Services

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.