Herc Holdings Inc. (HRI) To Go Ex-Dividend on May 29th

Herc Holdings Inc. (NYSE:HRIGet Free Report) announced a quarterly dividend on Friday, May 15th. Stockholders of record on Friday, May 29th will be given a dividend of 0.70 per share by the transportation company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th.

Herc has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Herc to earn $8.12 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 34.5%.

Herc Stock Performance

HRI opened at $138.74 on Friday. Herc has a 12-month low of $88.45 and a 12-month high of $188.35. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of -513.85, a PEG ratio of 25.03 and a beta of 1.90. The business has a 50 day moving average of $113.43 and a 200-day moving average of $137.05. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24.

Herc (NYSE:HRIGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted $1.30 earnings per share. The business’s revenue was up 32.3% on a year-over-year basis. On average, equities research analysts expect that Herc will post 5.31 earnings per share for the current year.

About Herc

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Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

See Also

Dividend History for Herc (NYSE:HRI)

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