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

H&E Equipment Services (NASDAQ:HEES) posted its earnings results on Tuesday. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02), Briefing.com reports. The company had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a return on equity of 35.38% and a net margin of 11.17%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS.

H&E Equipment Services Stock Up 1.0 %

NASDAQ HEES traded up $0.43 during mid-day trading on Thursday, hitting $45.22. The company’s stock had a trading volume of 75,738 shares, compared to its average volume of 234,032. The company’s 50 day simple moving average is $59.30 and its 200 day simple moving average is $52.20. H&E Equipment Services has a twelve month low of $32.33 and a twelve month high of $66.18. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.67 and a beta of 1.98.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, February 22nd. H&E Equipment Services’s payout ratio is currently 23.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Wells Fargo & Company raised 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 report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday.

Insider Activity at H&E Equipment Services

In other H&E Equipment Services news, Director Lawrence C. Karlson sold 8,225 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $60.98, for a total transaction of $501,560.50. Following the transaction, the director now directly owns 47,172 shares in the company, valued at approximately $2,876,548.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Lawrence C. Karlson sold 8,225 shares of H&E Equipment Services stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $60.98, for a total value of $501,560.50. Following the completion of the sale, the director now owns 47,172 shares of the company’s stock, valued at approximately $2,876,548.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bradley W. Barber sold 15,385 shares of H&E Equipment Services stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.54, for a total value of $885,252.90. Following the completion of the sale, the chief executive officer now directly owns 232,742 shares of the company’s stock, valued at approximately $13,391,974.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,800 shares of company stock valued at $4,534,789. 12.50% of the stock is owned by company insiders.

H&E Equipment Services Company Profile

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.