H&E Equipment Services (HEES) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for H&E Equipment Services in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HEES shares.
View HEES analyst ratings or view top-rated stocks.

3 equities research analysts have issued twelve-month price targets for H&E Equipment Services' stock. Their HEES share price forecasts range from $61.00 to $64.00. On average, they predict the company's share price to reach $62.33 in the next twelve months. This suggests a possible upside of 45.7% from the stock's current price.
View analysts price targets for HEES or view top-rated stocks among Wall Street analysts.

H&E Equipment Services' stock was trading at $45.40 at the beginning of the year. Since then, HEES stock has decreased by 5.7% and is now trading at $42.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our HEES earnings forecast.

H&E Equipment Services, Inc. (NASDAQ:HEES) issued its quarterly earnings data on Thursday, July, 27th. The industrial products company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.12. The industrial products company earned $360.23 million during the quarter, compared to the consensus estimate of $344.84 million. H&E Equipment Services had a net margin of 11.50% and a trailing twelve-month return on equity of 38.49%. The company's revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share.

H&E Equipment Services announced a quarterly dividend on Friday, August 11th. Stockholders of record on Wednesday, August 30th will be paid a dividend of $0.275 per share on Friday, September 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, August 29th.
Read our dividend analysis for HEES.

ETFs with the largest weight of H&E Equipment Services (NASDAQ:HEES) stock in their portfolio include Invesco Dorsey Wright Industrials Momentum ETF (PRN).iShares U.S. Infrastructure ETF (IFRA).

H&E Equipment Services (NASDAQ:HEES) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.53%. The dividend payout ratio is 25.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HEES will have a dividend payout ratio of 24.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HEES.

52 employees have rated H&E Equipment Services Chief Executive Officer John M. Engquist on Glassdoor.com. John M. Engquist has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other H&E Equipment Services investors own include Energy Transfer (ET), Ford Motor (F), AT&T (T), Pfizer (PFE), CBL & Associates Properties (CBL), AbbVie (ABBV), Broadcom (AVGO), The Carlyle Group (CG), Cornerstone Total Return Fund (CRF) and Martin Midstream Partners (MMLP).

H&E Equipment Services trades on the NASDAQ under the ticker symbol "HEES."

H&E Equipment Services' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.73%), Clearbridge Investments LLC (7.02%), Dimensional Fund Advisors LP (3.38%), State Street Corp (1.97%), Geode Capital Management LLC (1.84%) and Charles Schwab Investment Management Inc. (1.26%). Insiders that own company stock include Bradley W Barber, Gary W Bagley, John Mcdowell Engquist, Patrick Edsell and Paul Arnold.
View institutional ownership trends.

Shares of HEES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HEES stock can currently be purchased for approximately $42.79.

H&E Equipment Services (NASDAQ:HEES) has a market capitalization of $1.56 billion and generates $1.24 billion in revenue each year. The industrial products company earns $132.17 million in net income (profit) each year or $4.31 on an earnings per share basis.

The company employs 2,375 workers across the globe.

H&E Equipment Services' mailing address is 7500 PECUE LANE, BATON ROUGE LA, 70809. The official website for the company is www.he-equipment.com. The industrial products company can be reached via phone at (225) 298-5200, via email at kinda@he-equipment.com, or via fax at 225-298-5308.