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

H&E Equipment Services (NASDAQ:HEES) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.85 earnings per share (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 during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 earnings per share.

H&E Equipment Services Stock Up 1.1 %

NASDAQ HEES traded up $0.56 on Friday, reaching $52.81. 105,721 shares of the stock traded hands, compared to its average volume of 271,902. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.64. The company has a fifty day moving average price of $48.99 and a 200-day moving average price of $48.52. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 12.09 and a beta of 1.84. H&E Equipment Services has a 12 month low of $40.92 and a 12 month high of $66.18.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

Analysts Set New Price Targets

HEES has been the subject of several analyst reports. UBS Group lowered their price objective 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. KeyCorp began coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. Stifel Nicolaus decreased their price target 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. Finally, B. Riley reissued a “buy” rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Company Profile

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.