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

H&E Equipment Services (NASDAQ:HEES) released its quarterly earnings results on Friday. The industrial products company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $372.50 million.

H&E Equipment Services Stock Performance

HEES stock opened at $98.14 on Friday. The company has a 50-day simple moving average of $72.57 and a 200 day simple moving average of $58.85. The company has a market capitalization of $3.59 billion, a P/E ratio of 24.91 and a beta of 1.93. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $101.28.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is currently 32.64%.

Analysts Set New Price Targets

Several brokerages have recently commented on HEES. StockNews.com began coverage on H&E Equipment Services in a research report on Monday, February 17th. They issued a “hold” rating for the company. UBS Group reaffirmed a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Finally, B. Riley reissued 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently 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.