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

H&E Equipment Services (NASDAQ:HEES) announced its quarterly earnings results on Friday. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18, Zacks reports. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%.

H&E Equipment Services Price Performance

NASDAQ HEES traded down $2.21 on Friday, reaching $98.14. 883,578 shares of the company’s stock traded hands, compared to its average volume of 1,455,855. H&E Equipment Services has a 12 month low of $40.92 and a 12 month high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a 50-day simple moving average of $71.73 and a 200 day simple moving average of $58.39. The stock has a market cap of $3.59 billion, a PE ratio of 24.91 and a beta of 1.93.

H&E Equipment Services Dividend Announcement

The business 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. This represents a $1.10 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Finally, StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Monday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.