Shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $61.25.
Separately, B. Riley reissued a "buy" rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th.
View Our Latest Report on HEES
A number of large investors have recently added to or reduced their stakes in HEES. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at about $37,000. CWM LLC raised its stake in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock valued at $41,000 after buying an additional 278 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of H&E Equipment Services in the second quarter valued at approximately $65,000. Millburn Ridgefield Corp bought a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $84,000. Finally, Quest Partners LLC acquired a new position in shares of H&E Equipment Services during the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 84.08% of the company's stock.
Shares of NASDAQ HEES opened at $49.37 on Friday. The company has a fifty day moving average price of $55.91 and a 200 day moving average price of $49.89. The firm has a market cap of $1.81 billion, a PE ratio of 12.53, a PEG ratio of 13.24 and a beta of 1.84. 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 1-year low of $40.92 and a 1-year high of $66.18.
H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. Research analysts predict that H&E Equipment Services will post 3.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 2.23%. H&E Equipment Services's dividend payout ratio is presently 27.92%.
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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