Revenue Update on H&E Equipment Services(NASDAQ:HEES)

H&E Equipment Services(NASDAQ:HEES) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $242.09M. Analysts estimated a revenue of $255.65M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.26.

H&E Equipment Services (HEES) shares turned negative on Thursdays trading session with the shares closing down -0.35 points or -1.95% at a volume of 1,61,354. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18. The peak price level was also seen at $18 while the days lowest was $17.52. Finally the shares closed at $17.57. The 52-week high of the shares is $21.4799 while the 52-week low is $10.1201. According to the latest information available, the market cap of the company is $623 M.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2015, John Sawyer (director) purchased 5,000 shares at $16.36 per share price.Also, 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.

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