HEES Stock Summary and Trading Ideas (H&E Equipment Servs | NASDAQ:HEES)

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; sales of rental equipment; parts sales; and services. The majority of its revenue is derived from the equipment rentals segment.

H&E Equipment Servs trades on the NASDAQ stock market under the symbol HEES.

As of December 13, 2024, HEES stock price declined to $55.89 with 175,179 million shares trading.

HEES has a beta of 1.69, meaning it tends to be more sensitive to market movements. HEES has a correlation of 0.20 to the broad based SPY ETF.

HEES has a market cap of $2.05 billion. This is considered a Mid Cap stock.

Last quarter H&E Equipment Servs reported $385 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.15.

In the last 3 years, HEES traded as high as $66.18 and as low as $26.12.

The top ETF exchange traded funds that HEES belongs to (by Net Assets): IWM, VTI, AVUV, VB, AIRR.

HEES has underperformed the market in the last year with a price return of +15.7% while the SPY ETF gained +29.9%. However, in the short term, HEES had mixed performance relative to the market. It has outperformed in the last 3 months, returning +28.8% vs +7.8% return in SPY. But in the last 2 weeks, HEES shares have been beat by the market, returning -6.4% compared to an SPY return of +0.3%.

HEES support price is $54.81 and resistance is $57.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEES shares will trade within this expected range on the day.