Herc (NYSE:HRI) Posts Quarterly Earnings Results, Misses Estimates By $1.16 EPS

Herc (NYSE:HRI) issued its quarterly earnings results on Tuesday. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($1.16), Zacks reports. Herc had a return on equity of 26.48% and a net margin of 5.91%.

Herc Stock Down 5.1 %

Herc stock opened at $111.66 on Tuesday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $3.18 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. Herc has a fifty-two week low of $104.98 and a fifty-two week high of $246.88. The firm’s 50-day simple moving average is $137.92 and its 200 day simple moving average is $180.14.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Tuesday, February 18th. Herc’s dividend payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Herc presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.20.

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.