H&E Equipment Services (HEES) Releases Earnings Results, Misses Expectations By $-0.05 EPS

H&E Equipment Services (HEES) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.26. The company posted revenue of $241.20 million in the period, compared to analysts expectations of $255.81 million. The company’s revenue was down -8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

H&E Equipment Services closed down -0.97 points or -4.91% at $18.78 with 5,39,611 shares getting traded on Thursday. Post opening the session at $18.69, the shares hit an intraday low of $18.231 and an intraday high of $19.53 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Dec 14, 2015, John Sawyer (director) purchased 5,000 shares at $16.36 per share price. According to the SEC, on Aug 26, 2015, Bruce Bruckmann (director) purchased 2,500 shares at $15.92 per share price. On Aug 25, 2015, Bradley W Barber (COO) purchased 1,500 shares at $16.40 per share price, according to the Form-4 filing with the securities and exchange commission.

H&E Equipment Services Inc. (H&E) is focused on heavy construction and industrial equipment. The Company rents sells and provides parts and services support for four categories of equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks. H&E is engaged in five business activities under equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. It rents heavy construction and industrial equipment to customers on a daily weekly and monthly basis. H&E sells used equipment primarily from its rental fleet as well as inventoried equipment. It sells new and used parts to customers and also provides parts to its own rental fleet. It maintains an in-house parts inventory in order to provide timely parts and service support to its customers as well as to its own rental fleet. H&E provides maintenance and repair services for its customers’ owned equipment and to its own rental fleet.

H&E Equipment Services

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