H&E Equipment Services, Inc. (HEES) Sees Strong Trading Volume
Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) saw unusually-high trading volume on Tuesday . Approximately 274,504 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 290,142 shares.The stock last traded at $16.28 and had previously closed at $16.13.
Separately, Zacks Investment Research raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, June 20th.
The firm’s 50-day moving average is $18.03 and its 200-day moving average is $17.50. The company has a market cap of $583.07 million and a PE ratio of 14.83.
H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, July 28th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. The business had revenue of $242.10 million for the quarter, compared to analysts’ expectations of $255.46 million. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Equities analysts anticipate that H&E Equipment Services, Inc. will post $1.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 22nd will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Thursday, August 18th.
H&E Equipment Services, Inc is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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