Herc (NYSE:HRI) Releases Earnings Results

Herc (NYSE:HRI) issued its earnings results on Thursday. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40), Zacks reports. Herc had a return on equity of 26.35% and a net margin of 10.09%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million.

Herc Trading Up 3.0 %

Herc stock traded up $5.77 during midday trading on Friday, reaching $201.12. 352,083 shares of the stock traded hands, compared to its average volume of 275,636. The company has a 50-day simple moving average of $198.87 and a two-hundred day simple moving average of $182.28. Herc has a 12-month low of $124.70 and a 12-month high of $246.88. The firm has a market cap of $5.71 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.08 and a beta of 2.04. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. This is a boost from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is 21.75%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HRI shares. JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays increased their price target on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $219.75.

Herc Company Profile

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.