H&E Equipment Services, Inc. (NASDAQ:HEES) Given Price Target Of $17.5


As per H&E Equipment Services, Inc. (NASDAQ:HEES)’s news release on 2016-08-10, its shareholders will get cash dividend of $0.275 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-22 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-18, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year H&E Equipment Services, Inc. (NASDAQ:HEES) disbursed $0.275 in dividend compared to distribution of $0.275, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 110%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated H&E Equipment Services, Inc. (NASDAQ:HEES) to attain a price target of $17.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $20. The low price range is set at $15 for next year while the arithmetic mean is seen at 2.5.

Eyeing Earnings H&E Equipment Services, Inc. (NASDAQ:HEES) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.35 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, H&E Equipment Services, Inc. (NASDAQ:HEES) earnings came at $0.21 suggesting a deviation of $-0.08. The brokerages targeted EPS of $0.29 for the quarter.

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