H&E Equipment Services, Inc. (NASDAQ:HEES – Get Free Report) 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.
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.
View Our Latest Report on H&E Equipment Services
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.
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