Media coverage about H&E Equipment Services (NASDAQ:HEES) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. H&E Equipment Services earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.0891552770507 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have commented on HEES. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a report on Wednesday, August 9th. BidaskClub upgraded shares of H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. UBS AG restated a “sell” rating and set a $16.00 price objective (up previously from $15.00) on shares of H&E Equipment Services in a report on Monday, July 31st. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of H&E Equipment Services in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. H&E Equipment Services currently has a consensus rating of “Buy” and an average price target of $24.00.
H&E Equipment Services (NASDAQ HEES) opened at 25.59 on Tuesday. H&E Equipment Services has a 12-month low of $12.72 and a 12-month high of $27.54. The stock’s 50 day moving average is $22.47 and its 200 day moving average is $22.11. The firm has a market cap of $900.13 million, a P/E ratio of 23.07 and a beta of 2.49.
H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. The business had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. During the same quarter last year, the company earned $0.21 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that H&E Equipment Services will post $1.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, September 1st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Wednesday, August 30th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 99.10%.
About H&E Equipment Services
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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