H&E Equipment Services, Inc. (NASDAQ:HEES) Expected to Earn Q3 2024 Earnings of $0.99 Per Share

H&E Equipment Services, Inc. (NASDAQ:HEES) – Stock analysts at KeyCorp issued their Q3 2024 EPS estimates for H&E Equipment Services in a research report issued on Thursday, August 8th. KeyCorp analyst K. Fleischer anticipates that the industrial products company will post earnings of $0.99 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for H&E Equipment Services’ current full-year earnings is $3.73 per share. KeyCorp also issued estimates for H&E Equipment Services’ Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.56 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.95 EPS and FY2025 earnings at $4.08 EPS.

H&E Equipment Services (NASDAQ:HEES) 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 for the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS.

HEES has been the subject of a number of other reports. UBS Group reduced their price target on shares of 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. Raymond James started coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Stifel Nicolaus reduced their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

H&E Equipment Services Price Performance

Shares of HEES opened at $44.85 on Monday. H&E Equipment Services has a 1-year low of $38.06 and a 1-year high of $66.18. The stock has a market cap of $1.64 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 9.98 and a beta of 1.89. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.62. The firm has a fifty day moving average price of $46.48 and a 200 day moving average price of $52.33.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were issued a $0.275 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.45%. H&E Equipment Services’s payout ratio is 23.55%.

Institutional Investors Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently made changes to their positions in HEES. CWM LLC raised its holdings in shares of H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after buying an additional 278 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of H&E Equipment Services in the first quarter valued at about $62,000. Meeder Asset Management Inc. purchased a new stake in shares of H&E Equipment Services in the second quarter valued at about $65,000. Quest Partners LLC purchased a new stake in shares of H&E Equipment Services in the second quarter valued at about $109,000. Finally, SG Americas Securities LLC purchased a new position in H&E Equipment Services during the first quarter worth about $170,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

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.