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

H&E Equipment Services (NASDAQ:HEES) announced its earnings results on Friday. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.18, Zacks reports. The business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%.

H&E Equipment Services Trading Down 2.2 %

Shares of H&E Equipment Services stock opened at $98.14 on Friday. The business has a 50 day moving average price of $72.57 and a 200 day moving average price of $58.85. The company has a market capitalization of $3.59 billion, a P/E ratio of 24.91 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 1 year low of $40.92 and a 1 year high of $101.28.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a $0.275 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.12%. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Analysts Set New Price Targets

A number of research firms have weighed in on HEES. B. Riley reissued a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. 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 report on Friday, January 17th. Finally, StockNews.com assumed coverage on H&E Equipment Services in a report on Monday, February 17th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.25.

About H&E Equipment Services

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.