H&E Equipment Services, Inc. to Post FY2018 Earnings of $1.88 Per Share, KeyCorp Forecasts (HEES)

H&E Equipment Services, Inc. (NASDAQ:HEES) – KeyCorp raised their FY2018 earnings per share (EPS) estimates for H&E Equipment Services in a research note issued on Tuesday. KeyCorp analyst J. Box now expects that the industrial products company will earn $1.88 per share for the year, up from their previous estimate of $1.45.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.44 by $0.32. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The company had revenue of $259.16 million for the quarter, compared to the consensus estimate of $252.94 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis.

Several other equities analysts also recently commented on HEES. Bank of America started coverage on H&E Equipment Services in a research report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 target price on the stock. ValuEngine downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. 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. Finally, Buckingham Research assumed coverage on H&E Equipment Services in a research report on Tuesday, November 21st. They set a “buy” rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.40.

H&E Equipment Services (NASDAQ HEES) opened at $40.82 on Friday. H&E Equipment Services has a 12-month low of $17.44 and a 12-month high of $41.32. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. The company has a market capitalization of $1,460.00, a P/E ratio of 40.02, a PEG ratio of 1.29 and a beta of 2.90.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in H&E Equipment Services by 3.8% during the second 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 in the last quarter. Macquarie Group Ltd. grew its position in H&E Equipment Services by 8.1% during the third 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 in the last quarter. Dimensional Fund Advisors LP grew its position in H&E Equipment Services by 2.1% during the second 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 in the last quarter. Alliancebernstein L.P. grew its position in H&E Equipment Services by 25.0% during the second quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock worth $31,415,000 after buying an additional 307,979 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in H&E Equipment Services by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 700,746 shares of the industrial products company’s stock worth $20,939,000 after buying an additional 32,916 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “H&E Equipment Services, Inc. to Post FY2018 Earnings of $1.88 Per Share, KeyCorp Forecasts (HEES)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/14/he-equipment-services-inc-to-post-fy2018-earnings-of-1-88-per-share-keycorp-forecasts-hees.html.

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.

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