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

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 29th.

H&E Equipment Services has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ:HEES traded down $1.87 on Tuesday, hitting $55.88. The company had a trading volume of 167,359 shares, compared to its average volume of 272,225. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 52 week low of $40.92 and a 52 week high of $66.18. The firm has a 50 day moving average of $51.54 and a two-hundred day moving average of $48.47. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 13.34 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data 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). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter last year, the company earned $1.46 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that H&E Equipment Services will post 3.34 earnings per share for the current year.

Wall Street Analyst Weigh In

HEES has been the topic of a number of analyst reports. Stifel Nicolaus decreased 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 report on Wednesday, July 31st. UBS Group dropped their price target on shares of 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. B. Riley reissued a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Finally, KeyCorp assumed coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

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.