B. Riley Weighs in on H&E Equipment Services, Inc.’s Q2 2024 Earnings (NASDAQ:HEES)

H&E Equipment Services, Inc. (NASDAQ:HEES) – Research analysts at B. Riley dropped their Q2 2024 earnings per share (EPS) estimates for H&E Equipment Services in a report issued on Wednesday, May 1st. B. Riley analyst A. Rygiel now anticipates that the industrial products company will post earnings per share of $0.99 for the quarter, down from their previous forecast of $1.35. The consensus estimate for H&E Equipment Services’ current full-year earnings is $4.08 per share. B. Riley also issued estimates for H&E Equipment Services’ FY2024 earnings at $4.30 EPS and FY2025 earnings at $5.25 EPS.

HEES has been the topic of a number of other reports. StockNews.com lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus decreased their target price on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday.

H&E Equipment Services Stock Down 0.9 %

Shares of HEES opened at $46.65 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.74 and a current ratio of 0.85. The stock has a market capitalization of $1.70 billion, a PE ratio of 9.99, a P/E/G ratio of 1.73 and a beta of 1.98. The company’s 50-day simple moving average is $59.01 and its 200-day simple moving average is $52.23. H&E Equipment Services has a 1 year low of $32.33 and a 1 year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $371.20 million for the quarter, compared to analysts’ expectations of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.36%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Insider Buying and Selling at H&E Equipment Services

In other news, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the completion of the sale, the chief executive officer now directly owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $63.42, for a total value of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares in the company, valued at approximately $13,259,726.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bradley W. Barber sold 11,483 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $63.42, for a total value of $728,251.86. Following the sale, the chief executive officer now directly owns 210,170 shares in the company, valued at approximately $13,328,981.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,800 shares of company stock valued at $4,534,789. Insiders own 12.50% of the company’s stock.

Institutional Trading of H&E Equipment Services

Several institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in H&E Equipment Services during the 1st quarter worth $62,000. Wellington Shields Capital Management LLC purchased a new position in shares of H&E Equipment Services during the first quarter worth about $205,000. Busey Bank acquired a new position in H&E Equipment Services during the first quarter worth approximately $206,000. Capstone Investment Advisors LLC purchased a new stake in H&E Equipment Services in the first quarter valued at approximately $217,000. Finally, Versor Investments LP acquired a new stake in shares of H&E Equipment Services in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

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.