H&E Equipment Services, Inc. (NASDAQ:HEES) – Analysts at KeyCorp lifted their Q4 2017 earnings per share (EPS) estimates for H&E Equipment Services in a note issued to investors on Thursday. KeyCorp analyst J. Box now expects that the industrial products company will earn $0.40 per share for the quarter, up from their previous estimate of $0.36. KeyCorp also issued estimates for H&E Equipment Services’ Q4 2018 earnings at $0.42 EPS.
HEES has been the subject of a number of other reports. UBS AG upped their price target on shares of H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a report on Friday. Zacks Investment Research downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Bank of America Corporation began coverage on shares of H&E Equipment Services in a report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 price target for the company. Finally, BidaskClub downgraded shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. H&E Equipment Services presently has a consensus rating of “Hold” and a consensus target price of $26.50.
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Shares of H&E Equipment Services (NASDAQ HEES) opened at 32.49 on Monday. The firm has a market cap of $1.14 billion, a PE ratio of 29.30 and a beta of 2.65. The stock has a 50 day moving average of $28.42 and a 200 day moving average of $23.08. H&E Equipment Services has a 1-year low of $12.72 and a 1-year high of $32.90.
H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.32. H&E Equipment Services had a net margin of 3.69% and a return on equity of 38.83%. The company had revenue of $259.16 million during the quarter, compared to analysts’ expectations of $252.94 million. During the same quarter last year, the business earned $0.33 EPS. The business’s revenue was up 5.9% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of HEES. SG Capital Management LLC acquired a new stake in H&E Equipment Services in the 2nd quarter valued at about $18,761,000. Victory Capital Management Inc. raised its holdings in H&E Equipment Services by 49.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,287,033 shares of the industrial products company’s stock worth $46,678,000 after buying an additional 757,427 shares during the period. Rovida Advisors Inc. acquired a new stake in H&E Equipment Services during the 2nd quarter worth about $8,129,000. Principal Financial Group Inc. acquired a new stake in H&E Equipment Services during the 1st quarter worth about $9,072,000. Finally, Alliancebernstein L.P. raised its holdings in H&E Equipment Services by 25.0% during the 2nd 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 during the period. 75.22% of the stock is owned by institutional investors.
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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