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

H&E Equipment Services, Inc. (NASDAQ:HEES) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.275 per share by the industrial products company on Friday, December 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 29th.

H&E Equipment Services has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect H&E Equipment Services to earn $3.83 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 28.7%.

H&E Equipment Services Stock Down 1.6 %

NASDAQ:HEES opened at $59.33 on Thursday. The company has a market cap of $2.17 billion, a PE ratio of 15.06, a P/E/G ratio of 13.88 and a beta of 1.82. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $66.18. 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 company’s 50 day moving average is $53.50 and its two-hundred day moving average is $48.95.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). The company had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. Analysts anticipate that H&E Equipment Services will post 3.34 EPS for the current year.

Analyst Upgrades and Downgrades

HEES has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group dropped their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. KeyCorp initiated coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating on the stock. Finally, B. Riley restated a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

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.