Equities research analysts expect that H&E Equipment Services, Inc. (NASDAQ:HEES) will report earnings per share of $0.42 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for H&E Equipment Services’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.41. H&E Equipment Services reported earnings of $0.35 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that H&E Equipment Services will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.60 to $1.61. For the next financial year, analysts forecast that the company will report earnings of $1.68 per share, with EPS estimates ranging from $1.55 to $1.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for H&E Equipment Services.
HEES has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of H&E Equipment Services in a research note on Thursday. They issued a “buy” rating and a $46.00 target price for the company. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Buckingham Research initiated coverage on shares of H&E Equipment Services in a research note on Tuesday, November 21st. They issued a “buy” rating and a $39.00 target price for the company. UBS Group lifted their target price on shares of H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of 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 research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.83.
H&E Equipment Services (NASDAQ HEES) traded up $0.92 during mid-day trading on Monday, reaching $37.00. 206,259 shares of the company were exchanged, compared to its average volume of 217,474. The firm has a market cap of $1,286.18, a PE ratio of 36.27, a PEG ratio of 1.16 and a beta of 2.59. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29. H&E Equipment Services has a one year low of $17.44 and a one year high of $41.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.97%. H&E Equipment Services’s dividend payout ratio is presently 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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