H&E Equipment Services (HEES) Set to Announce Earnings on Tuesday

H&E Equipment Services (NASDAQ:HEES) is set to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect H&E Equipment Services to post earnings of $0.97 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.12). The business had revenue of $376.30 million during the quarter, compared to the consensus estimate of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. On average, analysts expect H&E Equipment Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

H&E Equipment Services Stock Down 1.2 %

Shares of HEES opened at $55.46 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $2.03 billion, a PE ratio of 11.88, a PEG ratio of 11.71 and a beta of 1.84. The stock’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $48.67. H&E Equipment Services has a 12 month low of $38.06 and a 12 month high of $66.18.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 1.98%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HEES shares. KeyCorp initiated coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They issued a “sector weight” rating for the company. Stifel Nicolaus dropped 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. Finally, UBS Group decreased their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.