Herc (NYSE:HRI) Issues Earnings Results

Herc (NYSE:HRI) issued its quarterly earnings results on Thursday. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40), Zacks reports. Herc had a net margin of 10.09% and a return on equity of 26.35%.

Herc Stock Performance

Shares of NYSE:HRI traded down $11.80 during midday trading on Thursday, hitting $196.06. The stock had a trading volume of 213,059 shares, compared to its average volume of 284,548. The company has a market capitalization of $5.57 billion, a PE ratio of 16.03, a P/E/G ratio of 1.08 and a beta of 2.04. Herc has a 1 year low of $124.70 and a 1 year high of $246.88. The stock has a 50 day moving average price of $199.51 and a two-hundred day moving average price of $182.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.43%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is presently 21.75%.

Analyst Ratings Changes

Several research firms recently commented on HRI. Barclays boosted their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $219.75.

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.