Herc (NYSE:HRI) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Herc (NYSE:HRI) posted its quarterly earnings results on Tuesday. The transportation company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13), RTT News reports. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.00 earnings per share.

Herc Stock Down 1.7 %

Herc stock opened at $169.16 on Tuesday. Herc has a twelve month low of $100.17 and a twelve month high of $178.93. The stock has a market cap of $4.80 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.00 and a beta of 2.07. The company’s 50-day moving average price is $149.94 and its two-hundred day moving average price is $146.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.665 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.57%. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Insider Buying and Selling

In other Herc news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now owns 35,415 shares in the company, valued at $5,632,047.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on HRI shares. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Herc from $150.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.75.

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.