H&E Equipment Services (NASDAQ:HEES) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 21st. Analysts expect H&E Equipment Services to post earnings of $0.57 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
HEES opened at $27.86 on Thursday. H&E Equipment Services has a 1-year low of $18.12 and a 1-year high of $44.24. The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 3.93. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 0.83 and a beta of 2.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Wednesday, February 20th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, February 19th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 31.61%.
Several equities research analysts have weighed in on the stock. Macquarie set a $25.00 price target on shares of H&E Equipment Services and gave the company a “hold” rating in a research note on Friday, October 26th. BidaskClub raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, UBS Group set a $28.00 price target on shares of H&E Equipment Services and gave the company a “hold” rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. H&E Equipment Services has a consensus rating of “Hold” and a consensus price target of $36.50.
In other H&E Equipment Services news, Director Bruce Bruckmann bought 22,500 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was bought at an average cost of $19.56 per share, with a total value of $440,100.00. Following the completion of the transaction, the director now directly owns 767,740 shares in the company, valued at approximately $15,016,994.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Arnold bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average cost of $20.07 per share, with a total value of $200,700.00. Following the completion of the transaction, the director now owns 68,204 shares of the company’s stock, valued at $1,368,854.28. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.
About H&E Equipment Services
H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.
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