H&E Equipment Services, Inc. (NASDAQ:HEES) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HEES to report 3Q20 income of $ 0.31 per share.
For the full year, analysts anticipate top line of $ 1140.88 million, while looking forward to income of $ 1.21 per share bottom line.
Previous Quarter Performance
H&E Equipment Services, Inc. communicated income for the second quarter of $ 0.24 per share, from the revenue of $ 278.34 million. The quarterly earnings decreased 61.90 percent while revenues decreased 16.56 percent compared with the same quarter last year.
Street analysts expected H&E Equipment Services, Inc. to report loss of $ 0.09 per share on revenue of $ 266.91 million for the second quarter. The bottom line results beat street analysts by $ 0.33 or 366.67 percent, at the same time, top line results outshined analysts by $ 11.43 million or 4.28 percent.
Stock Performance
Shares of H&E Equipment Services, Inc. traded low $ -0.64 or -2.90 percent on Tuesday, reaching $ 21.44 with volume of 218.10 thousand shares. H&E Equipment Services, Inc. has traded high as $ 22.05 and has cracked $ 21.33 on the downward trend
According to the previous trading day, closing price of $ 21.44, representing a 142.11 % increase from the 52 week low of $ 9.12 and a 41.66 % decrease over the 52 week high of $ 37.85.
The company has a market capital of $ 769.98 million and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Stock Dividend Announcement
On August 11, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on August 28, 2020, with payment date of September 11, 2020 and ex-dividend date on August 27, 2020.
Conference Call
H&E Equipment Services, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.he-equipment.com
H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services.
