H&E Equipment Services, Inc. (NASDAQ:HEES) Declares $0.28 Quarterly Dividend

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.275 per share by the industrial products company on Friday, December 13th. This represents a $1.10 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, November 29th.

H&E Equipment Services has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H&E Equipment Services to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 28.7%.

H&E Equipment Services Stock Performance

Shares of HEES opened at $55.27 on Thursday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 12.77 and a beta of 1.82. The business’s fifty day simple moving average is $51.80 and its two-hundred day simple moving average is $48.54. H&E Equipment Services has a 12 month low of $40.92 and a 12 month high of $66.18. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.15). The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $1.46 earnings per share. Research analysts anticipate that H&E Equipment Services will post 3.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. 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 report on Wednesday, July 31st. UBS Group cut their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, KeyCorp started coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

About H&E Equipment Services

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.