H&E Equipment Services Inc (NASDAQ: HEES) has reported earnings for its third fiscal quarter (ending September 30) of $0.86 versus $1.35 for the same period a year ago — a decline of -36%. For the latest four quarters through September 30, E.P.S. were $3.97 versus $4.63 for the same period a year ago — a decline of -14%.
Recent Price Action
H&E Equipment Services Inc (NASDAQ: HEES) stock suffered a large decline of -6.3% on 10/29/24. The stock closed at $53.02. Moreover, unusually high trading volume at 192% of normal accompanied the decline. The stock has risen 3.9% during the last week but has been weak relative to 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. H&E Equipment Services has a neutral Appreciation Score of 42 but a poor Power Rating of 22, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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