H&E Equipment, a company that helps people with construction and industrial equipment, announced their earnings (money they made) for the last three months. They made $0.91 per share, which is less than what people expected ($1 per share). This is not good news for the company because it means they didn't do as well as they thought they would. The company's revenue (total money they made from selling things) also didn't meet expectations, coming in at $376.28 million instead of the $416.85 million that was expected. This might affect how well the company's stock does in the future. Read from source...
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- The Zacks Rank for H&E Equipment is #3 (Hold), indicating that the stock is expected to perform in line with the market in the near future.
- The consensus EPS estimate for the current fiscal year has decreased by 3.6% over the last 30 days, suggesting that analysts have become more cautious about the company's earnings prospects.
- The stock's price-to-earnings ratio of 14.94 is above the industry average of 13.36, indicating that it is relatively expensive compared to its peers.
- The stock's price-to-sales ratio of 2.22 is above the industry average of 1.77, indicating that it is trading at a premium to its peers based on revenue.
- The stock's dividend yield of 1.01% is below the industry average of 1.69%, indicating that it may not be a good income investment.
- The stock's beta of 1.55 is above the industry average of 1.24, indicating that it is more volatile than its peers.
- The stock's earnings and revenue miss in the second quarter may have negative implications for the company's future growth prospects and profitability.
- The company faces intense competition from other construction and industrial equipment service providers, which could negatively impact its market share and pricing power.
- The company operates in a cyclical industry, which means that its financial performance is sensitive to economic fluctuations and market conditions.
- The company's long-term debt of $144.35 million is 23.3% of its total capital, which could limit its financial flexibility and make it more vulnerable to adverse events.
- The company's current ratio of 2.42 is below the industry average of 2.65, indicating that it may have liquidity issues or difficulty meeting its short-term obligations.
- The company's quick ratio of 1.85 is below the industry average of 1.95, indicating that it has a lower level of liquid assets relative to its current liabilities.
- The company's return on equity of 11.79% is below the industry average of 14.53%, indicating that it is not effectively using its shareholders' funds to generate returns.
- The company's return on assets of 6.24% is below the industry average of 7.36%, indicating that it is not efficiently managing its assets to generate profits.
Summary:
- H&E Equipment reported a quarter