Herc - HRI Stock Forecast, Price & News

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. The company also sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies; provides repair, maintenance, equipment management, and safety training services, as well as offers ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial and retail service, hospitality, healthcare, recreation, entertainment production, and special event management customers through its sales team, industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. As of December 31, 2017, it operated approximately 275 locations in the United States, Canada, China, the United Kingdom, Saudi Arabia, and Qatar. Herc Holdings Inc. is based in Bonita Springs, Florida.

Herc Trading Up 1.0 %

NYSE:HRI traded up $1.25 during mid-day trading on Friday, hitting $127.71. 126,288 shares of the company's stock were exchanged, compared to its average volume of 267,487. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Herc has a fifty-two week low of $83.43 and a fifty-two week high of $203.14. The company has a 50 day simple moving average of $104.18 and a 200-day simple moving average of $129.46. The firm has a market capitalization of $3.82 billion, a P/E ratio of 14.14, a PEG ratio of 0.46 and a beta of 2.70.

Herc (NYSE:HRI - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.15). Herc had a return on equity of 28.42% and a net margin of 11.76%. The firm had revenue of $640.40 million for the quarter, compared to the consensus estimate of $631.11 million. During the same quarter in the previous year, the business posted $1.57 EPS. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, research analysts expect that Herc will post 11.67 earnings per share for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.30 annualized dividend and a yield of 1.80%. Herc's payout ratio is 25.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HRI. Robert W. Baird reduced their price target on shares of Herc from $161.00 to $158.00 in a research note on Thursday, April 21st. Wells Fargo & Company cut their target price on shares of Herc to $165.00 in a research report on Friday, July 22nd. KeyCorp cut their target price on shares of Herc from $155.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 12th. Finally, The Goldman Sachs Group cut their target price on shares of Herc from $205.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Herc presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

Insiders Place Their Bets

In other news, CFO Mark Irion purchased 218 shares of the stock in a transaction on Friday, June 10th. The stock was purchased at an average price of $116.88 per share, for a total transaction of $25,479.84. Following the acquisition, the chief financial officer now owns 51,714 shares in the company, valued at $6,044,332.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company's stock.