H&E Equipment Services (NASDAQ:HEES) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

H&E Equipment Services (NASDAQ:HEES) announced its earnings results on Friday. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18, Zacks reports. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million.

H&E Equipment Services Stock Down 2.2 %

NASDAQ:HEES opened at $98.14 on Friday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 24.91 and a beta of 1.93. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The business’s fifty day moving average price is $71.73 and its 200 day moving average price is $58.39.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services’s payout ratio is 27.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HEES. B. Riley reaffirmed a “buy” rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. StockNews.com began coverage on H&E Equipment Services in a report on Monday, February 17th. They set a “hold” rating for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities 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 presently has an average rating of “Hold” and an average price target of $69.25.

About H&E Equipment Services

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.