Herc (HRI) Scheduled to Post Earnings on Tuesday

Herc (NYSE:HRI) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $2.33 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.05). The company had revenue of $831.00 million during the quarter, compared to analyst estimates of $858.06 million. Herc had a net margin of 10.58% and a return on equity of 30.21%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.44 EPS. On average, analysts expect Herc to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Herc Price Performance

NYSE HRI opened at $158.23 on Tuesday. Herc has a 1 year low of $93.97 and a 1 year high of $171.00. The stock’s 50-day moving average price is $158.36 and its two-hundred day moving average price is $139.40. The company has a market cap of $4.49 billion, a PE ratio of 13.08, a PEG ratio of 0.81 and a beta of 2.27. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.97.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from Herc’s previous quarterly dividend of $0.63. Herc’s payout ratio is currently 21.98%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their price objective on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th.

Insider Activity

In related news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the transaction, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Herc by 90.9% during the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 150 shares in the last quarter. Quarry LP grew its position in Herc by 363.0% in the first quarter. Quarry LP now owns 338 shares of the transportation company’s stock worth $38,000 after acquiring an additional 265 shares in the last quarter. Covestor Ltd grew its position in Herc by 95.8% in the first quarter. Covestor Ltd now owns 507 shares of the transportation company’s stock worth $85,000 after acquiring an additional 248 shares in the last quarter. KBC Group NV bought a new stake in Herc in the fourth quarter worth approximately $83,000. Finally, Salem Investment Counselors Inc. bought a new stake in Herc in the first quarter worth approximately $109,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.