H&E Equipment Services (NASDAQ:HEES) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

H&E Equipment Services (NASDAQ:HEES) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12), Briefing.com reports. H&E Equipment Services had a net margin of 10.53% and a return on equity of 31.60%. The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $382.05 million. During the same period last year, the company earned $1.14 earnings per share. H&E Equipment Services’s revenue for the quarter was up 4.5% on a year-over-year basis.

H&E Equipment Services Stock Performance

Shares of HEES opened at $52.30 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of 11.20, a PEG ratio of 1.83 and a beta of 1.89. H&E Equipment Services has a twelve month low of $38.06 and a twelve month high of $66.18. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85. The firm’s 50 day moving average price is $46.77 and its two-hundred day moving average price is $52.52.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a yield of 2.10%. H&E Equipment Services’s payout ratio is 23.55%.

Analyst Ratings Changes

HEES has been the subject of a number of recent research reports. 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 note on Wednesday. Raymond James assumed coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They issued a “market perform” rating for the company. StockNews.com lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, UBS Group dropped their price target on shares of H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, H&E Equipment Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

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.