H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $61.25.

Separately, B. Riley reaffirmed a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

H&E Equipment Services Trading Up 0.0 %

Shares of HEES stock opened at $43.94 on Tuesday. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $66.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business’s fifty day moving average price is $54.27 and its 200 day moving average price is $50.43. The firm has a market capitalization of $1.61 billion, a PE ratio of 11.15, a P/E/G ratio of 13.05 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 2.50%. H&E Equipment Services’s payout ratio is 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of H&E Equipment Services during the 2nd quarter worth approximately $37,000. Millburn Ridgefield Corp purchased a new position in H&E Equipment Services during the third quarter worth $84,000. Quest Partners LLC acquired a new position in shares of H&E Equipment Services in the second quarter worth $109,000. Scientech Research LLC acquired a new position in shares of H&E Equipment Services in the second quarter worth $203,000. Finally, Point72 Asset Management L.P. lifted its position in shares of H&E Equipment Services by 43.8% in the second quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock valued at $203,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.