H&E Equipment Services (NASDAQ:HEES) Releases Earnings Results, Misses Expectations By $0.02 EPS

H&E Equipment Services (NASDAQ:HEES - Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02), Briefing.com reports. The firm had revenue of $371.20 million during the quarter, compared to analysts' expectations of $352.52 million. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock traded down $3.50 on Wednesday, reaching $44.79. 838,349 shares of the company traded hands, compared to its average volume of 236,437. H&E Equipment Services has a 52 week low of $32.33 and a 52 week high of $66.18. The company has a 50 day moving average of $59.50 and a 200 day moving average of $52.26. The firm has a market capitalization of $1.64 billion, a PE ratio of 9.69, a PEG ratio of 0.83 and a beta of 1.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, February 22nd. H&E Equipment Services's dividend payout ratio is currently 23.55%.

Insider Buying and Selling

In related news, Director Gary W. Bagley sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $56.34, for a total value of $281,700.00. Following the completion of the transaction, the director now directly owns 59,151 shares of the company's stock, valued at approximately $3,332,567.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gary W. Bagley sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $56.34, for a total value of $281,700.00. Following the completion of the transaction, the director now directly owns 59,151 shares of the company's stock, valued at approximately $3,332,567.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bradley W. Barber sold 15,385 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $57.54, for a total transaction of $885,252.90. Following the completion of the transaction, the chief executive officer now directly owns 232,742 shares of the company's stock, valued at $13,391,974.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,800 shares of company stock valued at $4,534,789. Company insiders own 12.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of H&E Equipment Services from $62.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of H&E Equipment Services from a "hold" rating to a "buy" rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus reduced 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.

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.