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

H&E Equipment Services, Inc. (NASDAQ:HEES) declared a quarterly dividend on Friday, May 10th, RTT News reports. Stockholders of record on Tuesday, May 28th will be given a dividend of 0.275 per share by the industrial products company on Friday, June 14th. This represents a $1.10 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, May 24th.

H&E Equipment Services has raised its dividend payment by an average of 1.6% annually over the last three years. H&E Equipment Services has a payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H&E Equipment Services to earn $2.56 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 43.0%.

HEES traded down $0.41 during trading hours on Friday, hitting $27.28. 139,500 shares of the stock were exchanged, compared to its average volume of 232,397. H&E Equipment Services has a 12 month low of $18.12 and a 12 month high of $40.20. The stock has a market capitalization of $970.35 million, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.08 and a beta of 2.83. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.74 and a quick ratio of 0.44.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, April 25th. The industrial products company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.11. H&E Equipment Services had a return on equity of 32.93% and a net margin of 6.30%. The firm had revenue of $313.60 million for the quarter, compared to analyst estimates of $288.61 million. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts anticipate that H&E Equipment Services will post 2.48 earnings per share for the current fiscal year.

A number of research analysts have recently commented on HEES shares. BidaskClub lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. UBS Group set a $31.00 target price on H&E Equipment Services and gave the stock a “hold” rating in a report on Friday, April 26th. Bank of America reaffirmed a “buy” rating and set a $35.00 target price (up from $32.00) on shares of H&E Equipment Services in a report on Monday, April 29th. Finally, Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.60.

ILLEGAL ACTIVITY WARNING: This story was posted by Sundance Herald and is the sole property of of Sundance Herald. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://sundanceherald.com/2019/06/14/he-equipment-services-inc-hees-to-go-ex-dividend-on-may-24th.html.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

Read More: What is the Ex-Dividend Date in Investing?

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

Receive News & Ratings for H&E Equipment Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&E Equipment Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply