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

H&E Equipment Services (NASDAQ:HEES - Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.12). H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The business had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. During the same quarter last year, the business earned $1.14 EPS. H&E Equipment Services's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect H&E Equipment Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

H&E Equipment Services Stock Up 1.4 %

NASDAQ HEES traded up $0.73 during mid-day trading on Wednesday, reaching $54.68. 514,305 shares of the company's stock traded hands, compared to its average volume of 268,349. H&E Equipment Services has a 1-year low of $38.06 and a 1-year high of $66.18. The company has a fifty day simple moving average of $47.80 and a 200-day simple moving average of $48.76. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 11.30 and a beta of 1.84.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.275 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 annualized dividend and a dividend yield of 2.01%. H&E Equipment Services's payout ratio is 23.55%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HEES shares. UBS Group decreased 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 report on Wednesday, August 14th. KeyCorp initiated coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a "sector weight" rating on the stock. Stifel Nicolaus cut their price target on H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Finally, Raymond James initiated coverage on H&E Equipment Services in a report on Friday, June 28th. They issued a "market perform" rating on the stock. Three 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, H&E Equipment Services presently 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.