H&E Equipment Services, Inc. Declares Quarterly Dividend of $0.28 (NASDAQ:HEES)

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.275 per share by the industrial products company on Monday, February 24th. This represents a $1.10 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, February 18th.

H&E Equipment Services has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect H&E Equipment Services to earn $3.85 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 28.6%.

H&E Equipment Services Stock Up 0.1 %

NASDAQ HEES opened at $87.56 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a 50-day simple moving average of $68.55 and a 200 day simple moving average of $57.11. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $90.66. The stock has a market cap of $3.20 billion, a PE ratio of 22.22 and a beta of 1.93.

Wall Street Analysts Forecast Growth

HEES has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of H&E Equipment Services in a research note on Sunday, February 9th. They set a “hold” rating for the company. B. Riley restated a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Finally, UBS Group restated a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.25.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.