Herc (HRI) Projected to Post Quarterly Earnings on Tuesday

Herc (NYSE:HRI) is anticipated to post its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Herc to post earnings of $2.46 per share and revenue of $841.67 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Herc (NYSE:HRI) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. On average, analysts expect Herc to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Herc Price Performance

Shares of HRI opened at $117.70 on Friday. The business’s 50-day moving average is $139.85 and its two-hundred day moving average is $180.30. The company has a market capitalization of $3.35 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.61 and a beta of 1.93. Herc has a fifty-two week low of $109.39 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.38%. Herc’s dividend payout ratio is presently 37.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HRI shares. JPMorgan Chase & Co. decreased their price target on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.20.

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.