Herc Holdings Inc. (NYSE:HRI) Announces Quarterly Dividend of $0.70

Herc Holdings Inc. (NYSE:HRI) announced a quarterly dividend on Friday, May 15th. Investors of record on Friday, May 29th will be given a dividend of 0.70 per share by the transportation company on Friday, June 12th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th.

Herc has a dividend payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Herc to earn $8.12 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 34.5%.

Herc Stock Down 1.1%

HRI stock opened at $138.74 on Friday. The firm has a market cap of $4.63 billion, a PE ratio of -513.85, a P/E/G ratio of 25.40 and a beta of 1.90. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s fifty day moving average is $113.43 and its 200 day moving average is $137.05. Herc has a one year low of $88.45 and a one year high of $188.35.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.42. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. On average, research analysts forecast that Herc will post 5.31 EPS for the current year.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.