H&E Equipment Services (NASDAQ:HEES) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

H&E Equipment Services (NASDAQ:HEES) released its quarterly earnings results on Tuesday. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02), Briefing.com reports. The firm had revenue of $371.20 million for the quarter, compared to analyst estimates of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 35.38%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS.

H&E Equipment Services Stock Up 1.0 %

Shares of HEES traded up $0.43 during mid-day trading on Thursday, hitting $45.22. 75,738 shares of the company’s stock were exchanged, compared to its average volume of 234,032. The firm has a fifty day moving average of $59.30 and a two-hundred day moving average of $52.20. H&E Equipment Services has a twelve month low of $32.33 and a twelve month high of $66.18. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.67 and a beta of 1.98. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 2.43%. H&E Equipment Services’s dividend payout ratio (DPR) is 23.55%.

Analysts Set New Price Targets

HEES has been the subject of several research analyst reports. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Wells Fargo & Company increased their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus cut their target price on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday.

Insider Activity at H&E Equipment Services

In related news, CEO Bradley W. Barber sold 11,483 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total value of $728,251.86. Following the transaction, the chief executive officer now directly owns 210,170 shares in the company, valued at approximately $13,328,981.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other H&E Equipment Services news, CEO Bradley W. Barber sold 11,483 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total value of $728,251.86. Following the sale, the chief executive officer now directly owns 210,170 shares in the company, valued at approximately $13,328,981.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 1,092 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $63.42, for a total transaction of $69,254.64. Following the completion of the sale, the chief executive officer now owns 209,078 shares in the company, valued at $13,259,726.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,800 shares of company stock worth $4,534,789. 12.50% of the stock is owned by insiders.

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.