H&E Equipment Services (HEES) Stock Price, News & Analysis

Company Overview

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. The Sales of Rental Equipment segment sells used equipment from its rental fleet. The Sales of New Equipment segment sells new construction equipment through a professional sales force. The Parts Sales segment provides parts to its rental fleet and sells parts for the equipment, as well as maintains parts inventory. The Repair and Maintenance Services segment provides maintenance and repair services to its rental fleet and customers' equipment at its facilities, as well as at customers' locations. It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company's rental fleet consists of aerial work platforms, cranes, earthmoving and material handling equipment, and other general and specialty lines. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

Key Stats

• Today's Range: $48.60 to $50.19
• 50-Day Range: $48.79 to $60.79
• 52-Week Range: $40.92 to $66.18
• Volume: 397,013 shs
• Average Volume: 269,555 shs
• Market Capitalization: $1.79 billion
• P/E Ratio: 12.38
• Dividend Yield: 2.25%
• Price Target: $61.25
• Consensus Rating: Moderate Buy

H&E Equipment Services Stock Analysis - MarketRank™

H&E Equipment Services scored higher than 98% of companies evaluated by MarketBeat, and ranked 15th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

H&E Equipment Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

H&E Equipment Services has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 14.37%

Earnings Growth

Earnings for H&E Equipment Services are expected to grow by 14.37% in the coming year, from $3.27 to $3.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of H&E Equipment Services is 12.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of H&E Equipment Services is 12.38, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

H&E Equipment Services has a PEG Ratio of 13.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

H&E Equipment Services has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.59% of the float of H&E Equipment Services has been sold short.

Short Interest Ratio / Days to Cover

H&E Equipment Services has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in H&E Equipment Services has recently decreased by 7.26%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

H&E Equipment Services pays a meaningful dividend of 2.00%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

H&E Equipment Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of H&E Equipment Services is 27.92%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, H&E Equipment Services will have a dividend payout ratio of 29.41% next year. This indicates that H&E Equipment Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.22

Percentage of Shares Shorted

3.59% of the float of H&E Equipment Services has been sold short.

Short Interest Ratio / Days to Cover

H&E Equipment Services has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in H&E Equipment Services has recently decreased by 7.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.17

News Sentiment

H&E Equipment Services has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for H&E Equipment Services this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for HEES on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, H&E Equipment Services insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.50% of the stock of H&E Equipment Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

84.08% of the stock of H&E Equipment Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HEES Stock Analysis - Frequently Asked Questions

How have HEES shares performed this year?

H&E Equipment Services' stock was trading at $52.32 at the beginning of 2024. Since then, HEES shares have decreased by 6.7% and is now trading at $48.79.
View the best growth stocks for 2024 here.

How were H&E Equipment Services' earnings last quarter?

H&E Equipment Services, Inc. (NASDAQ:HEES) posted its quarterly earnings data on Tuesday, October, 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by $0.15. The company's revenue was down 4.0% on a year-over-year basis.

Who are H&E Equipment Services' major shareholders?

Top institutional investors of H&E Equipment Services include State Street Corp (2.13%), Geode Capital Management LLC (2.06%), Charles Schwab Investment Management Inc. (1.56%) and Janus Henderson Group PLC (0.95%). Insiders that own company stock include Bradley W Barber, Paul Arnold, Gary W Bagley, John Mcdowell Engquist and Lawrence C Karlson.
View institutional ownership trends.

How do I buy shares of H&E Equipment Services?

Shares of HEES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of H&E Equipment Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that H&E Equipment Services investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Humana (HUM), Adobe (ADBE), Arista Networks (ANET) and Jabil (JBL).

Company Calendar

• Last Earnings: 10/29/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Miscellaneous equipment rental & leasing
• Sub-Industry: Trading Companies & Distributors
• Current Symbol: NASDAQ:HEES
• CUSIP: 40403010
• CIK: 1339605
• Web: www.he-equipment.com
• Phone: (225) 298-5200
• Fax: 225-298-5308
• Employees: 2,765
• Year Founded: 1961

Price Target and Rating

• Average Stock Price Target: $61.25
• High Stock Price Target: $63.00
• Low Stock Price Target: $60.00
• Potential Upside/Downside: +25.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.94
• Trailing P/E Ratio: 12.38
• Forward P/E Ratio: 14.92
• P/E Growth: 13.24
• Net Income: $169.29 million
• Net Margins: 9.47%
• Pretax Margin: 12.58%
• Return on Equity: 25.46%
• Return on Assets: 5.16%

Debt

• Debt-to-Equity Ratio: 2.09
• Current Ratio: 0.64
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $1.52 billion
• Price / Sales: 1.18
• Cash Flow: $13.48 per share
• Price / Cash Flow: 3.62
• Book Value: $14.66 per share
• Price / Book: 3.33

Miscellaneous

• Outstanding Shares: 36,611,000
• Free Float: 32,035,000
• Market Cap: $1.79 billion
• Optionable: Optionable
• Beta: 1.84