H&E Equipment Services (HEES) Set to Announce Earnings on Tuesday

H&E Equipment Services (NASDAQ:HEES) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect H&E Equipment Services to post earnings of $0.73 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.25. The company had revenue of $385.80 million for the quarter, compared to the consensus estimate of $382.58 million. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. On average, analysts expect H&E Equipment Services to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

H&E Equipment Services Stock Performance

HEES opened at $58.65 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. H&E Equipment Services has a 12-month low of $32.33 and a 12-month high of $66.18. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 0.82 and a beta of 1.95. The company’s 50 day moving average is $59.53 and its 200 day moving average is $52.06.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Insider Activity

In other news, CEO Bradley W. Barber sold 23,100 shares of H&E Equipment Services stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.53, for a total transaction of $1,398,243.00. Following the sale, the chief executive officer now owns 221,653 shares in the company, valued at $13,416,656.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Bradley W. Barber sold 9,615 shares of H&E Equipment Services stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $57.80, for a total transaction of $555,747.00. Following the sale, the chief executive officer now owns 223,127 shares in the company, valued at $12,896,740.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bradley W. Barber sold 23,100 shares of H&E Equipment Services stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.53, for a total transaction of $1,398,243.00. Following the sale, the chief executive officer now owns 221,653 shares in the company, valued at approximately $13,416,656.09. The disclosure for this sale can be found here. Insiders have sold a total of 75,800 shares of company stock worth $4,534,789 over the last quarter. Insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

HEES has been the topic of several analyst reports. Wells Fargo & Company lifted their price target 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. Stifel Nicolaus lifted their price target on shares of H&E Equipment Services from $59.00 to $69.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, StockNews.com raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st.

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.