Herc (NYSE:HRI) Issues Earnings Results

Herc (NYSE:HRI) released its quarterly earnings data on Tuesday. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21), Zacks reports. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same quarter in the prior year, the firm earned $2.36 earnings per share.

Herc Trading Down 7.6 %

Shares of NYSE:HRI opened at $103.08 on Wednesday. The business’s 50 day simple moving average is $136.05 and its 200 day simple moving average is $179.60. Herc has a 1 year low of $96.19 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $2.94 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.61 and a beta of 1.93.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

HRI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price objective on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Herc in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.20.

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.