H&E Equipment Services (HEES) Set to Announce Quarterly Earnings on Tuesday

H&E Equipment Services (NASDAQ:HEES) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $382.05 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. H&E Equipment Services’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect H&E Equipment Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $55.46 on Friday. H&E Equipment Services has a 52 week low of $38.06 and a 52 week high of $66.18. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The firm’s 50-day simple moving average is $48.39 and its 200 day simple moving average is $48.67. The firm has a market capitalization of $2.03 billion, a PE ratio of 12.49, a P/E/G ratio of 11.71 and a beta of 1.84.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were given a $0.275 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 annualized dividend and a dividend yield of 1.98%. H&E Equipment Services’s dividend payout ratio is presently 24.77%.

Analyst Upgrades and Downgrades

HEES has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating on the stock. UBS Group reduced their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Stifel Nicolaus reduced their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

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.