H&E Equipment Services (NASDAQ:HEES) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

H&E Equipment Services (NASDAQ:HEES) announced its earnings results on Tuesday. The industrial products company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12), Briefing.com reports. H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The company had revenue of $376.30 million during the quarter, compared to analyst estimates of $382.05 million. During the same period in the previous year, the company posted $1.14 earnings per share. H&E Equipment Services’s revenue for the quarter was up 4.5% on a year-over-year basis.

H&E Equipment Services Stock Performance

Shares of HEES traded up $2.85 during midday trading on Wednesday, reaching $53.17. The stock had a trading volume of 179,930 shares, compared to its average volume of 263,361. The firm has a market cap of $1.94 billion, a PE ratio of 10.83, a P/E/G ratio of 1.93 and a beta of 1.89. The firm has a 50 day simple moving average of $46.69 and a 200-day simple moving average of $52.52. H&E Equipment Services has a one year low of $38.06 and a one year high of $66.18. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 2.26.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 30th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. UBS Group reduced their price target on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus lowered their price objective 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. Finally, Raymond James assumed coverage on shares of H&E Equipment Services in a report on Friday, June 28th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, H&E Equipment Services currently has an average rating of “Moderate Buy” and an average target price of $62.67.

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.