Shares of H&E Equipment Services, Inc. (NASDAQ:HEES – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.67.
A number of analysts have weighed in on HEES shares. Raymond James started coverage on H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. KeyCorp started coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. StockNews.com cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus lowered their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, UBS Group lowered their price target on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.
Read Our Latest Analysis on HEES
Institutional Trading of H&E Equipment Services
H&E Equipment Services Stock Performance
Shares of NASDAQ HEES opened at $46.20 on Friday. The business has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $52.03. The company has a current ratio of 0.61, a quick ratio of 0.62 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 9.98 and a beta of 1.89. H&E Equipment Services has a one year low of $38.06 and a one year high of $66.18.
H&E Equipment Services (NASDAQ:HEES – Get Free Report) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. Sell-side analysts expect that H&E Equipment Services will post 3.73 EPS for the current year.
H&E Equipment Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 28th. H&E Equipment Services’s payout ratio is presently 23.55%.
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.
See Also
- Five stocks we like better than H&E Equipment Services
- Stock Analyst Ratings and Canadian Analyst Ratings
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- Investing in Travel Stocks Benefits
- 2 Option Strategies to Maximize Profits in a Bear Market
- Ride Out The Recession With These Dividend Kings
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for H&E Equipment Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&E Equipment Services and related companies with MarketBeat.com's FREE daily email newsletter.