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

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

3 brokers have issued 12 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 year. This suggests a possible upside of 40.5% 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 2023. Since then, HEES stock has decreased by 2.2% and is now trading at $44.38.
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H&E Equipment Services saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 810,500 shares, an increase of 75.6% from the August 31st total of 461,500 shares. Based on an average trading volume of 214,500 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.6% of the company's shares are short sold.
View H&E Equipment Services' Short Interest.

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 results on Thursday, July, 27th. The industrial products company reported $1.14 earnings per share 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 analyst estimates of $344.84 million. H&E Equipment Services had a trailing twelve-month return on equity of 38.49% and a net margin of 11.50%. H&E Equipment Services's revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share.

H&E Equipment Services declared 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 yield of 2.48%. 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 2.62%. 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."

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 $44.38.

H&E Equipment Services (NASDAQ:HEES) has a market capitalization of $1.61 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.