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

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

A number of other equities research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Buckingham Research began coverage on shares of H&E Equipment Services in a report on Tuesday, November 21st. They issued a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, October 31st. UBS Group upped their price objective on shares of H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, Bank of America 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 objective on the stock. One research 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. H&E Equipment Services presently has an average rating of “Buy” and a consensus price target of $31.40.

Shares of H&E Equipment Services (NASDAQ HEES) opened at $40.82 on Friday. The firm has a market cap of $1,460.00, a PE ratio of 40.02, a price-to-earnings-growth ratio of 1.29 and a beta of 2.90. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29. H&E Equipment Services has a fifty-two week low of $17.44 and a fifty-two week high of $41.32.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.32. The company had revenue of $259.16 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $2,892,000. Algert Global LLC purchased a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $3,196,000. California Public Employees Retirement System grew its holdings in shares of H&E Equipment Services by 4.1% during the third quarter. California Public Employees Retirement System now owns 140,425 shares of the industrial products company’s stock valued at $4,100,000 after buying an additional 5,525 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $323,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of H&E Equipment Services by 3,799.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,785 shares of the industrial products company’s stock valued at $1,337,000 after buying an additional 44,611 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

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About H&E Equipment Services

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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