H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Wednesday, August 14th, NASDAQ reports. Shareholders of record on Tuesday, August 27th will be given a dividend of 0.275 per share by the industrial products company on Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, August 26th.
H&E Equipment Services has increased its dividend payment by an average of 1.6% per year over the last three years. H&E Equipment Services has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H&E Equipment Services to earn $2.60 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 42.3%.
Shares of NASDAQ HEES opened at $24.03 on Friday. The firm has a market capitalization of $922.35 million, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.98 and a beta of 2.86. The company has a current ratio of 0.69, a quick ratio of 0.43 and a debt-to-equity ratio of 3.43. H&E Equipment Services has a 1 year low of $18.12 and a 1 year high of $39.33. The firm’s 50-day moving average is $27.21 and its 200-day moving average is $27.51.
Several research analysts recently weighed in on the stock. BidaskClub lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. ValuEngine raised shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Zacks Investment Research raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Saturday. Finally, Bank of America reissued a “buy” rating and set a $35.00 price objective (up previously from $32.00) on shares of H&E Equipment Services in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.80.
About H&E Equipment Services
H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.
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