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

Herc (NYSE:HRI) announced 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 company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period in the prior year, the business earned $4.00 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.

Herc Price Performance

NYSE:HRI remained flat at $209.23 during trading hours on Friday. 45,714 shares of the company’s stock were exchanged, compared to its average volume of 239,086. The stock has a fifty day moving average price of $154.29 and a 200-day moving average price of $147.24. Herc has a 1-year low of $102.32 and a 1-year high of $214.16. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.27, 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 announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio is presently 21.97%.

Analyst Ratings Changes

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

Insider Transactions at Herc

In related news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the sale, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Herc 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 transaction of $1,467,100.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the firm’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 transaction, 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. 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.