KeyCorp Brokers Lift Earnings Estimates for H&E Equipment Services, Inc. (HEES)

H&E Equipment Services, Inc. (NASDAQ:HEES) – Investment analysts at KeyCorp boosted their Q1 2018 earnings estimates for shares of H&E Equipment Services in a research note issued to investors on Tuesday. KeyCorp analyst J. Box now anticipates that the industrial products company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.20. KeyCorp also issued estimates for H&E Equipment Services’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $2.05 EPS.

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

HEES has been the subject of several other reports. Zacks Investment Research lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Buckingham Research began coverage on shares of H&E Equipment Services in a research report on Tuesday, November 21st. They issued a “buy” rating and a $39.00 price objective for the company. UBS Group increased their price objective on shares of 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, Bank of America assumed coverage on shares of H&E Equipment Services in a research report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.40.

H&E Equipment Services (NASDAQ HEES) opened at $39.01 on Thursday. The company has a market cap of $1,390.00, a P/E ratio of 38.25, a P/E/G ratio of 1.33 and a beta of 2.90. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. H&E Equipment Services has a 1 year low of $17.44 and a 1 year high of $41.06.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. raised its position 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 last quarter. Macquarie Group Ltd. raised its position in H&E Equipment Services by 12.4% during the 2nd quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock worth $48,801,000 after buying an additional 263,383 shares during the last quarter. Bank of New York Mellon Corp raised its position in H&E Equipment Services by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 553,184 shares of the industrial products company’s stock worth $11,289,000 after buying an additional 18,143 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in H&E Equipment Services by 5.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 285,594 shares of the industrial products company’s stock worth $5,829,000 after buying an additional 15,795 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in H&E Equipment Services during the 3rd quarter worth approximately $2,554,000. 75.45% of the stock is owned by institutional investors.

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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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