H&E Equipment Services (NASDAQ:HEES) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

H&E Equipment Services (NASDAQ:HEES) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15), Briefing.com reports. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year.

H&E Equipment Services Stock Down 7.3 %

HEES traded down $4.11 during trading on Tuesday, hitting $52.48. The company had a trading volume of 302,051 shares, compared to its average volume of 270,687. The company has a market cap of $1.92 billion, a PE ratio of 11.27, a P/E/G ratio of 11.71 and a beta of 1.84. The business has a 50-day moving average of $48.60 and a 200-day moving average of $48.52. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.56. H&E Equipment Services has a 1-year low of $39.79 and a 1-year high of $66.18.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s payout ratio is currently 23.55%.

Analysts Set New Price Targets

HEES has been the subject of a number of analyst reports. KeyCorp began coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. UBS Group reduced their price target 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 price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

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.