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001122334455554433221100
001122334455554433221100
Symbol HEES
Name H&E Equipment Services, Inc.
Currency USD
Sector Industrials
IndustryGroup Commercial & Professional Services
Industry Commercial Services & Supplies
Market NASDAQ Global Select
Country United States
State LA
City Baton Rouge
Zipcode 70809
Website http://www.he-equipment.com

H and E Equipment Services Expands Rental and Sales Operations Across Regions

H&E Equipment Services, Inc. operates as an equipment rental company with segments including equipment rental, sales of rental and new equipment, spare parts sales, and maintenance services. The company manages 145 branches across 30 states, focusing on construction and industrial equipment.

H&E Equipment Services reports earnings miss amid mixed analyst ratings and investor activity

H&E Equipment Services, Inc. reported a quarterly EPS of $0.85, missing estimates, with revenue down 4% year-over-year at $384.86 million. Institutional investors hold 84.08% of the stock, which has a "Moderate Buy" rating, while UBS Group set a price target of $92, indicating a potential upside.

ubs downgrades h&e equipment services amid market uncertainties following uri acquisition

UBS has downgraded H&E Equipment Services (NASDAQ:HEES) from Buy to Neutral, raising the price target from $60 to $92, following United Rentals' acquisition of the company. While the deal is seen as beneficial for United Rentals, market uncertainties persist, especially with a potential slowdown in the US construction sector. H&E reported a 4% decline in total revenues for Q3 2024, despite a slight increase in rental revenues, and plans to open 12 to 18 new locations in 2025 to drive long-term growth.

stocks rise on inflation data despite losses from eli lilly and big tech

U.S. stocks mostly rose following positive inflation data, with the S&P 500 up 0.1% and the Dow Jones gaining 221 points. However, Eli Lilly's 6.6% drop and declines in several Big Tech stocks limited gains. Treasury yields stabilized after the inflation report, while H&E Equipment Services surged over 100% due to a buyout announcement.

stocks rise on wall street after positive inflation report

U.S. stocks rose slightly following positive wholesale inflation data, with the S&P 500 up 0.1% and the Dow Jones gaining 134 points. However, declines in major companies like Eli Lilly and Nvidia limited gains. H&E Equipment Services surged over 100% after a buyout announcement, while Signet Jewelers fell 21.5% due to disappointing holiday sales.

market update applied digital soars eli lilly and signet jewelers stumble

Applied Digital shares surged after Macquarie Asset Management announced a potential $5 billion investment in its HPC data centers. In contrast, Eli Lilly's stock fell nearly 7% following a lowered revenue forecast, while Boeing faced declines due to reduced plane deliveries. KB Home's shares rose on strong earnings, and H&E Equipment's stock doubled after a $4.8 billion acquisition by United Rentals. Signet Jewelers' shares plummeted 22% after cutting its sales outlook due to weak holiday demand, and BP's stock dipped on forecasts of lower production and impairments.
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