H&E Equipment Services Inc (NASDAQ: HEES) has reported earnings for its first fiscal quarter (ending March 31) of $0.72 versus $0.71 for the same period a year ago — an increase of 1%. However, this result fell short of the consensus estimate of $0.81 by $-0.09. E.P.S. were $4.69 for the latest four quarters through March 31 versus $3.95 for the same period a year ago — an increase of 19%.
Recent Price Action
H&E Equipment Services Inc (NASDAQ: HEES) stock suffered a major decline of -18.5% on 4/30/24. The shares closed at $48.29. Moreover, trading volume in this decline was exceptionally high at 701% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.7% during the last week.
Current PriceTarget Research Rating
HEES’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
H&E Equipment Services has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. H&E Equipment Services has a slightly positive Appreciation Score of 66 and a very high Power Rating of 95, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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