H&E Equipment Services Inc. (HEES) Sees Unusually-High Trading Volume
H&E Equipment Services Inc. (NASDAQ:HEES) shares saw an uptick in trading volume on Tuesday . 274,504 shares changed hands 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 cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd.
The company has a market cap of $568.31 million and a price-to-earnings ratio of 14.45. The stock’s 50 day moving average is $17.98 and its 200 day moving average is $17.49.
H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The firm had revenue of $242.10 million for the quarter, compared to the consensus estimate of $255.46 million. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that H&E Equipment Services Inc. will post $1.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 6.78%.
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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