H&E Equipment Services (NASDAQ:HEES) Releases Quarterly Earnings Results, Misses Expectations By $0.63 EPS

H&E Equipment Services (NASDAQ:HEES - Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63), Zacks reports. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company's revenue for the quarter was down 13.9% on a year-over-year basis.

H&E Equipment Services Stock Performance

NASDAQ:HEES traded up $0.63 during trading hours on Friday, hitting $90.72. 712,426 shares of the company traded hands, compared to its average volume of 538,514. 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 twelve month low of $40.93 and a twelve month high of $101.28. The firm has a 50-day moving average of $93.01 and a 200 day moving average of $75.37. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.21%. H&E Equipment Services's payout ratio is 44.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HEES. UBS Group reissued a "neutral" rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research note on Wednesday. They issued a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, H&E Equipment Services presently has a consensus rating of "Hold" and an average price target of $71.33.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.