H&E Equipment Services (HEES) Getting Somewhat Positive Press Coverage, Report Shows
Media coverage about H&E Equipment Services (NASDAQ:HEES) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. H&E Equipment Services earned a news impact score of 0.09 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.0271286053453 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- BRIEF-H&E Equipment Services announces closing of add-on senior notes offering (HEES) (markets.businessinsider.com)
- H&E Equipment to expand in Colorado market (seekingalpha.com)
- Wall Street’s M&A Chatter From Nov. 21: PepsiCo, Kraft-Heinz Foods, H&E Equipment Centers, AT&T (finance.yahoo.com)
- H&E Equipment Services, Inc. Announces Closing of Add-On Senior Notes Offering (markets.financialcontent.com)
A number of equities analysts recently commented on the company. Buckingham Research assumed coverage on H&E Equipment Services in a report on Tuesday. They set a “buy” rating and a $39.00 target price for the company. Zacks Investment Research upgraded H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Tuesday, October 31st. UBS AG upped their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a report on Friday, October 27th. ValuEngine downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Bank of America Corporation started coverage on H&E Equipment Services in a research note on Tuesday, September 26th. They issued a “buy” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. H&E Equipment Services currently has a consensus rating of “Buy” and a consensus price target of $31.40.
H&E Equipment Services (NASDAQ:HEES) traded down $0.15 during midday trading on Wednesday, hitting $36.21. The stock had a trading volume of 386,149 shares, compared to its average volume of 312,242. H&E Equipment Services has a 52-week low of $17.42 and a 52-week high of $37.23. The stock has a market capitalization of $1,320.00, a PE ratio of 22.57, a P/E/G ratio of 1.40 and a beta of 2.88. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06.
H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.32. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The firm had revenue of $259.16 million for the quarter, compared to analysts’ expectations of $252.94 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. equities research analysts expect that H&E Equipment Services will post 1.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 20th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.04%. H&E Equipment Services’s dividend payout ratio is currently 107.84%.
H&E Equipment Services Company Profile
H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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