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

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Monday, August 12th, Zacks reports. Shareholders of record on Wednesday, August 28th will be paid a dividend of 0.275 per share by the industrial products company on Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 28th.

H&E Equipment Services has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H&E Equipment Services to earn $4.05 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 27.2%.

H&E Equipment Services Stock Performance

H&E Equipment Services stock traded down $0.34 during midday trading on Wednesday, hitting $44.51. The company’s stock had a trading volume of 109,028 shares, compared to its average volume of 266,893. The company has a 50-day moving average price of $46.49 and a two-hundred day moving average price of $52.27. H&E Equipment Services has a 1-year low of $38.06 and a 1-year high of $66.18. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 9.98 and a beta of 1.89. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.62.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The company had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, sell-side analysts predict that H&E Equipment Services will post 3.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

HEES has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of 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. Raymond James began coverage on H&E Equipment Services in a report on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. 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. Finally, UBS Group cut their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.67.

H&E Equipment Services Company Profile

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.