Herc (HRI) Set to Announce Quarterly Earnings on Thursday

Herc (NYSE:HRI – Get Rating) is set to release its earnings data before the market opens on Thursday, April 21st. Analysts expect Herc to post earnings of $2.15 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Herc (NYSE:HRI – Get Rating) last posted its earnings results on Thursday, February 10th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.12). Herc had a net margin of 10.81% and a return on equity of 26.12%. The company had revenue of $578.00 million during the quarter, compared to analysts’ expectations of $582.74 million. During the same period in the previous year, the company posted $1.35 EPS. Herc’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect Herc to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

HRI stock opened at $147.25 on Thursday. Herc has a 1 year low of $90.86 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $155.54 and its 200 day moving average price is $165.62. The firm has a market cap of $4.37 billion, a P/E ratio of 19.98 and a beta of 2.61.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Wednesday, February 23rd were paid a $0.575 dividend. The ex-dividend date of this dividend was Tuesday, February 22nd. This represents a $2.30 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Herc’s previous quarterly dividend of $0.50. Herc’s dividend payout ratio is presently 31.21%.

HRI has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Herc in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird lowered Herc from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $222.00 to $161.00 in a research note on Tuesday, December 21st. Northcoast Research upgraded Herc from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Friday, January 21st. Zacks Investment Research downgraded Herc from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, KeyCorp dropped their price objective on Herc from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $185.71.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Herc by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,640,971 shares of the transportation company’s stock valued at $256,895,000 after purchasing an additional 41,434 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Herc by 6.3% in the 4th quarter. Vident Investment Advisory LLC now owns 18,079 shares of the transportation company’s stock valued at $2,831,000 after purchasing an additional 1,076 shares in the last quarter. California State Teachers Retirement System increased its holdings in Herc by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 31,167 shares of the transportation company’s stock valued at $4,879,000 after purchasing an additional 694 shares in the last quarter. Harbour Investments Inc. increased its holdings in Herc by 95.0% in the 4th quarter. Harbour Investments Inc. now owns 2,291 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Herc by 110.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,093 shares of the transportation company’s stock valued at $484,000 after acquiring an additional 1,621 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

About Herc (Get Rating)

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.

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