Herc (NYSE:HRI) Posts Earnings Results, Misses Expectations By $0.13 EPS

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

Herc Stock Performance

Shares of HRI stock opened at $169.16 on Tuesday. The stock has a 50-day moving average of $149.94 and a 200-day moving average of $146.13. Herc has a one year low of $100.17 and a one year high of $178.93. The stock has a market cap of $4.80 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

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 issued a $0.665 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.57%. Herc’s dividend payout ratio is presently 21.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird reissued a “neutral” rating and set a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Herc from $150.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, StockNews.com lowered 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 one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $170.75.

Insider Activity at Herc

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

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.