Herc (NYSE:HRI) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

by · The Cerbat Gem

Herc (NYSE:HRI – Get Free Report) issued its earnings results on Tuesday. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13), RTT News reports. Herc had a return on equity of 26.99% and a net margin of 10.00%. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same period last year, the firm posted $4.00 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis.

Herc Stock Performance

Shares of NYSE HRI opened at $209.79 on Thursday. 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 has a 12-month low of $100.17 and a 12-month high of $210.93. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The firm has a 50 day moving average of $152.81 and a 200 day moving average of $146.81.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is 21.97%.

Insider Transactions at Herc

In related news, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at approximately $5,632,047.45. 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. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now 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 disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays increased their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Herc currently has a consensus rating of “Hold” and an average price target of $199.80.

View Our Latest Research Report on HRI

About Herc

(Get Free Report)

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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