H&E Equipment Services, Inc. (HEES) Plans Quarterly Dividend of $0.28

H&E Equipment Services, Inc. (NASDAQ:HEES) declared a quarterly dividend on Monday, August 21st, RTT News reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.275 per share by the industrial products company on Monday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 5.29%.

Shares of H&E Equipment Services (NASDAQ:HEES) traded down 0.24% during trading on Monday, reaching $20.81. 278,409 shares of the company’s stock were exchanged. H&E Equipment Services has a 52 week low of $12.72 and a 52 week high of $27.54. The stock has a market capitalization of $731.99 million, a PE ratio of 18.76 and a beta of 2.55. The company’s 50-day moving average is $21.66 and its 200 day moving average is $22.36.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The company had revenue of $249.40 million during the quarter, compared to the consensus estimate of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, analysts forecast that H&E Equipment Services will post $1.21 earnings per share for the current year.

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HEES has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of H&E Equipment Services in a report on Wednesday, July 12th. UBS AG reaffirmed a “sell” rating and issued a $16.00 price objective (up previously from $15.00) on shares of H&E Equipment Services in a report on Monday, July 31st. BidaskClub raised shares of H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.00.

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.

Dividend History for H&E Equipment Services (NASDAQ:HEES)

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