Herc (NYSE:HRI) Announces Earnings Results, Misses Estimates By $0.40 EPS

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

Herc Trading Down 5.4 %

Shares of HRI opened at $196.63 on Friday. The business’s 50-day moving average price is $199.51 and its 200 day moving average price is $182.18. The stock has a market capitalization of $5.59 billion, a P/E ratio of 16.08, 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 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.42%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Analyst Upgrades and Downgrades

HRI has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $219.75.

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.