For its second fiscal quarter (ending June 30), H&E Equipment Services Inc (NASDAQ: HEES) has reported E.P.S. of $0.92 compared to $1.14 a year ago. For the latest four quarters through June 30, E.P.S. were $4.46 compared to $4.33 a year ago.
Recent Price Action
H&E Equipment Services Inc (NASDAQ: HEES) stock closed at $50.32 on 7/30/24 after a decline of -5.0%. Moreover, unusually high trading volume at 169% of normal accompanied the decline. The stock has declined -5.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
HEES is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
H&E Equipment Services has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. H&E Equipment Services has a neutral Appreciation Score of 49 and a neutral Power Rating of 53, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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