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.
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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