Herc (NYSE:HRI) Posts Earnings Results, Misses Expectations By $0.01 EPS

Herc (NYSE:HRIGet Rating) released its earnings results on Thursday. The transportation company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.01), MarketWatch Earnings reports. Herc had a return on equity of 26.12% and a net margin of 10.81%. The business had revenue of $567.30 million during the quarter, compared to the consensus estimate of $552.77 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year.

Shares of Herc stock traded down $8.14 on Friday, reaching $139.36. The stock had a trading volume of 941 shares, compared to its average volume of 288,335. The business’s 50-day moving average price is $154.05 and its two-hundred day moving average price is $165.01. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.89 and a current ratio of 0.89. Herc has a fifty-two week low of $95.32 and a fifty-two week high of $203.14. The stock has a market cap of $4.14 billion, a P/E ratio of 20.01 and a beta of 2.61.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Wednesday, February 23rd were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Herc’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 22nd. Herc’s payout ratio is presently 31.21%.

HRI has been the topic of several analyst reports. KeyCorp dropped their target price on shares of Herc from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, March 18th. StockNews.com began coverage on shares of Herc in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Herc from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Friday. Zacks Investment Research raised shares of Herc from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Northcoast Research raised shares of Herc from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Friday, January 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Herc presently has a consensus rating of “Buy” and a consensus price target of $185.57.

Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. lifted its stake in shares of Herc by 95.0% in the fourth quarter. Harbour Investments Inc. now owns 2,291 shares of the transportation company’s stock worth $359,000 after buying an additional 1,116 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Herc by 279.6% in the fourth quarter. Advisors Asset Management Inc. now owns 2,946 shares of the transportation company’s stock worth $461,000 after buying an additional 2,170 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Herc by 110.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,093 shares of the transportation company’s stock worth $484,000 after buying an additional 1,621 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Herc by 624.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 17,313 shares of the transportation company’s stock worth $2,710,000 after buying an additional 14,923 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in shares of Herc by 6.3% in the fourth quarter. Vident Investment Advisory LLC now owns 18,079 shares of the transportation company’s stock worth $2,831,000 after buying an additional 1,076 shares during the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.

Herc Company Profile (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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Earnings History for Herc (NYSE:HRI)

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