Herc (NYSE:HRI) Announces Quarterly Earnings Results

Herc (NYSE:HRI) issued its quarterly earnings results on Thursday. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.33, MarketWatch Earnings reports. The company had revenue of $490.90 million during the quarter, compared to the consensus estimate of $456.93 million. Herc had a return on equity of 16.98% and a net margin of 6.13%. Herc’s revenue was up 33.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS.

NYSE HRI traded up $1.25 during trading hours on Thursday, hitting $118.70. The company had a trading volume of 8,238 shares, compared to its average volume of 249,483. Herc has a fifty-two week low of $32.40 and a fifty-two week high of $118.59. The stock has a market cap of $3.51 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 0.41 and a beta of 3.08. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average is $109.91.

HRI has been the subject of several analyst reports. Robert W. Baird boosted their price target on Herc from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. KeyCorp boosted their price target on Herc from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 6th. Zacks Investment Research upgraded Herc from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, July 8th. Finally, Barclays upped their price objective on Herc from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, July 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $113.80.

In other Herc news, SVP Christian J. Cunningham sold 7,829 shares of the company’s stock in a transaction dated Thursday, May 6th. The shares were sold at an average price of $109.99, for a total value of $861,111.71. Following the completion of the transaction, the senior vice president now directly owns 36,800 shares of the company’s stock, valued at approximately $4,047,632. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lawrence Harris Silber sold 25,000 shares of the stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $110.36, for a total transaction of $2,759,000.00. Following the transaction, the chief executive officer now directly owns 141,660 shares in the company, valued at approximately $15,633,597.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,791 shares of company stock valued at $4,067,818. 1.30% of the stock is owned by insiders.

About Herc

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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Earnings History for Herc (NYSE:HRI)

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