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

H&E Equipment Services, Inc. (NASDAQ:HEES) declared a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.275 per share by the industrial products company on Monday, February 24th. This represents a $1.10 annualized dividend and a dividend yield of 1.26%.

H&E Equipment Services has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H&E Equipment Services to earn $3.85 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 28.6%.

H&E Equipment Services Stock Down 0.9 %

Shares of HEES opened at $87.40 on Friday. The firm has a market cap of $3.20 billion, a P/E ratio of 22.18 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services has a 52 week low of $40.92 and a 52 week high of $90.66. The firm’s 50-day simple moving average is $65.18 and its 200 day simple moving average is $55.63.

Analyst Ratings Changes

Several research firms have recently commented on HEES. UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com initiated coverage on H&E Equipment Services in a report on Saturday, February 1st. They issued a “hold” rating on the stock. Finally, B. Riley reissued a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.