H&E Equipment Services (NASDAQ:HEES) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

H&E Equipment Services (NASDAQ:HEES) released its earnings results on Tuesday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15), Briefing.com reports. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year.

H&E Equipment Services Price Performance

NASDAQ HEES traded up $0.56 during trading on Friday, hitting $52.81. 105,721 shares of the stock traded hands, compared to its average volume of 271,902. The company has a market capitalization of $1.93 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 12.09 and a beta of 1.84. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $66.18. The firm has a 50-day simple moving average of $48.99 and a 200-day simple moving average of $48.52. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

Analyst Ratings Changes

HEES has been the subject of several research analyst reports. KeyCorp initiated coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. B. Riley reiterated a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday. UBS Group cut their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus cut their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.