Zacks: Brokerages Anticipate H&E Equipment Services, Inc. (HEES) Will Announce Earnings of $0.42 Per Share

Equities research analysts expect H&E Equipment Services, Inc. (NASDAQ:HEES) to post $0.42 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for H&E Equipment Services’ earnings, with estimates ranging from $0.41 to $0.43. H&E Equipment Services reported earnings per share of $0.35 in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that H&E Equipment Services will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.60 to $1.61. For the next financial year, analysts anticipate that the company will post earnings of $1.68 per share, with EPS estimates ranging from $1.55 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow H&E Equipment Services.

Several equities research analysts recently commented on HEES shares. UBS Group upped their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Buckingham Research started coverage on H&E Equipment Services in a research report on Tuesday, November 21st. They set a “buy” rating and a $39.00 target price on the stock. Zacks Investment Research upgraded H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 31st. Finally, ValuEngine upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.40.

Several institutional investors have recently made changes to their positions in HEES. Vanguard Group Inc. raised its stake in H&E Equipment Services by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,758,022 shares of the industrial products company’s stock worth $56,292,000 after buying an additional 100,243 shares during the period. Macquarie Group Ltd. raised its stake in H&E Equipment Services by 8.1% during the 3rd quarter. Macquarie Group Ltd. now owns 2,584,605 shares of the industrial products company’s stock worth $75,470,000 after buying an additional 193,563 shares during the period. BlackRock Inc. raised its stake in H&E Equipment Services by 6.0% during the 4th quarter. BlackRock Inc. now owns 2,116,893 shares of the industrial products company’s stock worth $86,052,000 after buying an additional 119,301 shares during the period. Victory Capital Management Inc. raised its stake in H&E Equipment Services by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,979,548 shares of the industrial products company’s stock worth $80,469,000 after buying an additional 114,533 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in H&E Equipment Services by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,665,343 shares of the industrial products company’s stock worth $33,989,000 after buying an additional 34,766 shares during the period. Institutional investors own 77.18% of the company’s stock.

Shares of H&E Equipment Services (NASDAQ HEES) traded up $0.41 during trading on Monday, hitting $35.63. The company had a trading volume of 218,655 shares, compared to its average volume of 252,554. H&E Equipment Services has a 52 week low of $17.44 and a 52 week high of $41.72. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 5.29. The company has a market cap of $1,260.00, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 1.13 and a beta of 2.59.

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H&E Equipment Services Company Profile

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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