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H&E Equipment Services (HEES) Stock Overview
Operates as an integrated equipment services company in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
HEES Community Fair Values
Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.257.0% undervalued intrinsic discount
When GPS fails: this small cap is fixing a $54B drone problem
Key Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.
Read full narrativeH&E Equipment Services, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$94.64 |
| 52 Week High | US$101.28 |
| 52 Week Low | US$40.93 |
| Beta | 1.85 |
| 1 Month Change | 4.32% |
| 3 Month Change | 0.57% |
| 1 Year Change | 109.57% |
| 3 Year Change | 157.59% |
| 5 Year Change | 332.94% |
| Change since IPO | 309.70% |
Recent News & Updates
Recent updates
Seeking Alpha • Apr 17
H&E Equipment: Special Situation With A 10% Yield
Summary H&E is trading at a 3.25% discount to the acquisition price, and the transaction is likely to close between June and August. The transaction is pending regulatory approval, with an expected annual return of 10% if completed by July or August. The probability of closing from a regulatory perspective is high. Risks include potential declines in equity markets and regulatory delays, which could impact the expected return. Herc Holdings is trading at its fair value of $115 per share, increasing the margin of safety for H&E shareholders. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
United Rentals Buys Instead Of Rents With Purchase Of H&E Equipment Services
Summary United Rentals, Inc. is acquiring H&E Equipment Services, Inc. for $4.8 billion in cash, causing H&E shares to more than double and United Rentals shares to rise over 5%. The acquisition expands United Rentals' fleet significantly and is expected to generate $130 million in annual cost savings and $120 million in cross-selling opportunities. Despite preferring a stock deal over cash, I believe this acquisition makes United Rentals more appealing and maintain a “buy” rating for United Rentals. H&E Equipment Services shareholders see limited further upside, prompting a downgrade to “hold,” but the deal provides a substantial premium over pre-announcement prices. Read the full article on Seeking AlphaSeeking Alpha • Dec 20
H&E Equipment Services: Earnings Understate Cash Production
Summary HEES is well-positioned to grow sales by 7-8% annually until FY'26E in my view. Competitive advantages include high capital turnover, modest margins, and efficient cash conversion, sustaining current earnings growth. Management's strategic investments and expansion plans, coupled with attractive valuations, support a $65-$70/share target. Read the full article on Seeking AlphaAnalysis Article • Dec 09
Returns On Capital At H&E Equipment Services (NASDAQ:HEES) Have Hit The Brakes
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Nov 21
H&E Equipment Services' (NASDAQ:HEES) Dividend Will Be $0.275
H&E Equipment Services, Inc. ( NASDAQ:HEES ) will pay a dividend of $0.275 on the 13th of December. This makes the...Analysis Article • Nov 12
Does H&E Equipment Services (NASDAQ:HEES) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Oct 29
Is It Too Late To Consider Buying H&E Equipment Services, Inc. (NASDAQ:HEES)?
H&E Equipment Services, Inc. ( NASDAQ:HEES ), is not the largest company out there, but it led the NASDAQGS gainers...
New Narrative • Sep 24
Expansion And Strategic Acquisitions Set To Boost Market Presence Amid Margin Pressures And Financial Challenges
Expansion into new U.S. states and focused participation in megaprojects like data centers could significantly boost H&E Equipment Services' market share and revenue.Analysis Article • Aug 16
H&E Equipment Services (NASDAQ:HEES) Is Due To Pay A Dividend Of $0.275
H&E Equipment Services, Inc.'s ( NASDAQ:HEES ) investors are due to receive a payment of $0.275 per share on 13th of...Analysis Article • Jul 31
Do H&E Equipment Services' (NASDAQ:HEES) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Seeking Alpha • Jul 23
H&E Equipment Services: Unfairly Punished Equipment Rental Play With Catalysts
Summary H&E Equipment Services, Inc. is an equipment rental company in the U.S. with a strong presence in the industrially active Sun Belt region. Secular growth tailwinds from infrastructure spending and HEES' subsequent margin growth had added an est. $47K in NOPAT per employee since FY'21. Valuations are compressed with scope for multiples expansion and repricing into the $60s. Read the full article on Seeking AlphaAnalysis Article • Jul 15
Is It Time To Consider Buying H&E Equipment Services, Inc. (NASDAQ:HEES)?
While H&E Equipment Services, Inc. ( NASDAQ:HEES ) might not have the largest market cap around , it saw a decent share...Analysis Article • Jul 02
Returns On Capital At H&E Equipment Services (NASDAQ:HEES) Have Stalled
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • May 30
Benign Growth For H&E Equipment Services, Inc. (NASDAQ:HEES) Underpins Its Share Price
H&E Equipment Services, Inc.'s ( NASDAQ:HEES ) price-to-earnings (or "P/E") ratio of 10x might make it look like a buy...Analysis Article • May 03
H&E Equipment Services, Inc. Beat Revenue Forecasts By 5.3%: Here's What Analysts Are Forecasting Next
There's been a notable change in appetite for H&E Equipment Services, Inc. ( NASDAQ:HEES ) shares in the week since its...Seeking Alpha • May 01
Choice Equities - H&E Equipment Services: Market Fails To Appreciate Growth Prospects
Summary H&E Equipment Services has ample scale to demonstrate pricing power in markets that primarily operate based on local market share dynamics. This industry structure provides scale benefits to HEES but also suggests small bolt-on acquisitions can move the needle on company financials. It appears the market fails to appreciate the company’s growth prospects, but has also perhaps overlooked its somewhat recent transition to a high-margin pure play rental company. Read the full article on Seeking AlphaSeeking Alpha • Apr 18
H&E Equipment: Rental Business With Ambitions
Summary H&E Equipment Services is a rental equipment company that serves customers across 30 states, generating revenue from various sectors. The company has seen recent revenue growth and operates with a modest leverage ratio. HEES has made several acquisitions to expand its business, and despite modest valuations, I am cautious about chasing the shares here. Read the full article on Seeking AlphaAnalysis Article • Apr 16
Here's Why We Think H&E Equipment Services (NASDAQ:HEES) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Apr 01
What Does H&E Equipment Services, Inc.'s (NASDAQ:HEES) Share Price Indicate?
H&E Equipment Services, Inc. ( NASDAQ:HEES ), might not be a large cap stock, but it led the NASDAQGS gainers with a...Analysis Article • Feb 24
Results: H&E Equipment Services, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Last week saw the newest annual earnings release from H&E Equipment Services, Inc. ( NASDAQ:HEES ), an important...Seeking Alpha • Feb 15
H&E Equipment: Short-Term Prospects Are Less Appealing
Summary H&E Equipment Services, Inc. stock has nearly doubled in value since I first covered the stock in 2020. A lot has changed since then, and the business is now in a much better position than it was just a few years ago. The stellar share price performance, however, has now resulted in the stock now trading much closer to its fair value. Read the full article on Seeking AlphaAnalysis Article • Feb 15
H&E Equipment Services (NASDAQ:HEES) Has Announced A Dividend Of $0.275
The board of H&E Equipment Services, Inc. ( NASDAQ:HEES ) has announced that it will pay a dividend of $0.275 per share...Analysis Article • Jan 26
There's No Escaping H&E Equipment Services, Inc.'s (NASDAQ:HEES) Muted Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 17x, you may...Seeking Alpha • Jan 12
H&E Is Positioned Well For Elevated 2024 Construction Spending
Summary H&E Equipment Services has underperformed but gained 11% since my buy recommendation, still lagging behind United Rentals. HEES's Q3 results showed strong revenue and EBITDA growth, but concerns remain about borrowing to fund fleet expansion. Despite concerns, the Company's financial profile has improved, and its growth plans are supported by ongoing demand and government infrastructure spending. Read the full article on Seeking AlphaAnalysis Article • Jan 08
Here's Why We Think H&E Equipment Services (NASDAQ:HEES) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Dec 06
Is H&E Equipment Services (NASDAQ:HEES) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 20
Should You Think About Buying H&E Equipment Services, Inc. (NASDAQ:HEES) Now?
H&E Equipment Services, Inc. ( NASDAQ:HEES ), might not be a large cap stock, but it saw significant share price...Analysis Article • Oct 06
Here's Why We Think H&E Equipment Services (NASDAQ:HEES) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Sep 04
Does H&E Equipment Services (NASDAQ:HEES) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 17
H&E Equipment Services (NASDAQ:HEES) Is Paying Out A Dividend Of $0.275
H&E Equipment Services, Inc. ( NASDAQ:HEES ) will pay a dividend of $0.275 on the 15th of September. This makes the...Analysis Article • Aug 02
Estimating The Fair Value Of H&E Equipment Services, Inc. (NASDAQ:HEES)
Key Insights Using the 2 Stage Free Cash Flow to Equity, H&E Equipment Services fair value estimate is US$56.72 Current...Analysis Article • Jun 03
Is Now The Time To Put H&E Equipment Services (NASDAQ:HEES) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Shareholder Returns
| HEES | US Trade Distributors | US Market | |
|---|---|---|---|
| 7D | 0% | -0.6% | 2.1% |
| 1Y | 109.6% | 26.9% | 30.6% |
Return vs Industry: HEES exceeded the US Trade Distributors industry which returned -15.5% over the past year.
Return vs Market: HEES exceeded the US Market which returned 11.5% over the past year.
Price Volatility
| HEES volatility | |
|---|---|
| HEES Average Weekly Movement | 2.0% |
| Trade Distributors Industry Average Movement | 7.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HEES has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HEES's weekly volatility has decreased from 16% to 2% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 2,800 | Brad Barber | www.he-equipment.com |
H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States and internationally. It operates in four segments: Equipment Rentals; Sales of Rental Equipment; Sales of New Equipment; and Parts, Service and Other Revenues. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.
H&E Equipment Services, Inc. Fundamentals Summary
| HEES fundamental statistics | |
|---|---|
| Market cap | US$3.43b |
| Earnings (TTM) | US$90.89m |
| Revenue (TTM) | US$1.46b |
37.8x
P/E Ratio2.3x
P/S RatioIs HEES overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HEES income statement (TTM) | |
|---|---|
| Revenue | US$1.46b |
| Cost of Revenue | US$830.75m |
| Gross Profit | US$633.93m |
| Other Expenses | US$543.04m |
| Earnings | US$90.89m |
Last Reported Earnings
Mar 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.51 |
| Gross Margin | 43.28% |
| Net Profit Margin | 6.21% |
| Debt/Equity Ratio | 225.1% |
How did HEES perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield44%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/02 13:35 |
| End of Day Share Price | 2025/05/30 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
H&E Equipment Services, Inc. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sameer Rathod | Macquarie Research |
| Neil Frohnapple | Northcoast Research |
| Seth Weber | RBC Capital Markets |