H&E Equipment Services (NASDAQ:HEES) Announces Quarterly Earnings Results, Beats Estimates 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. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%.

H&E Equipment Services Trading Down 2.2 %

Shares of HEES stock opened at $98.14 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a market capitalization of $3.59 billion, a PE ratio of 24.91 and a beta of 1.93. The stock has a fifty day moving average of $71.73 and a two-hundred day moving average of $58.39. H&E Equipment Services has a 1 year low of $40.92 and a 1 year high of $101.28.

H&E Equipment Services Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group reissued a “neutral” rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a research report on Monday, February 17th. They issued a “hold” rating on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.