Herc (NYSE:HRI) Releases Earnings Results

Herc (NYSE:HRI) issued its quarterly earnings data on Tuesday. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13), RTT News reports. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $4.00 earnings per share.

Herc Stock Up 17.5 %

NYSE HRI opened at $198.72 on Wednesday. Herc has a 52 week low of $100.17 and a 52 week high of $202.30. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. The company has a market capitalization of $5.64 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The stock’s 50-day moving average price is $151.27 and its 200-day moving average price is $146.37.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 annualized dividend and a yield of 1.34%. Herc’s dividend payout ratio (DPR) is presently 21.97%.

Insiders Place Their Bets

In other news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on HRI. JPMorgan Chase & Co. raised their target price on shares of Herc from $150.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Robert W. Baird restated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.75.

About Herc

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.