H&E Equipment Services, Inc. (NASDAQ:HEES) to Issue Quarterly Dividend of $0.28

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.275 per share by the industrial products company on Friday, December 13th. This represents a $1.10 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 29th.

H&E Equipment Services has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Analysts expect H&E Equipment Services to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 28.7%.

H&E Equipment Services Trading Down 3.2 %

HEES stock traded down $1.87 during trading on Tuesday, reaching $55.88. 167,359 shares of the stock traded hands, compared to its average volume of 272,225. The business’s 50 day moving average price is $51.54 and its 200-day moving average price is $48.47. The firm has a market capitalization of $2.05 billion, a PE ratio of 14.36, a P/E/G ratio of 13.34 and a beta of 1.82. H&E Equipment Services has a 52-week low of $40.92 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the previous year, the company earned $1.46 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that H&E Equipment Services will post 3.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HEES. B. Riley restated a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Stifel Nicolaus lowered their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group cut their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, KeyCorp started coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They issued a “sector weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, H&E Equipment Services presently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

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.