Herc (HRI) Set to Announce Quarterly Earnings on Tuesday

Herc (NYSE:HRI) will be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $4.80 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.34). The business had revenue of $848.00 million during the quarter, compared to the consensus estimate of $813.05 million. Herc had a return on equity of 26.99% and a net margin of 10.00%. On average, analysts expect Herc to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Herc Stock Down 0.6 %

Shares of NYSE HRI opened at $172.04 on Friday. Herc has a 12-month low of $100.17 and a 12-month high of $178.93. The stock’s fifty day simple moving average is $149.16 and its two-hundred day simple moving average is $146.22. The stock has a market capitalization of $4.89 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is currently 21.97%.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

HRI has been the subject of several analyst reports. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Herc from $150.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.75.

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.