Herc - HRI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Herc in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HRI shares.
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5 analysts have issued 1 year target prices for Herc's stock. Their HRI share price forecasts range from $150.00 to $205.00. On average, they expect the company's share price to reach $167.60 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price.
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Herc's stock was trading at $156.55 on January 1st, 2022. Since then, HRI stock has decreased by 17.0% and is now trading at $129.99.
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Herc saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 673,400 shares, a decrease of 11.8% from the October 15th total of 763,800 shares. Based on an average daily trading volume, of 202,200 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the shares of the stock are short sold.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our HRI earnings forecast.

Herc Holdings Inc. (NYSE:HRI) announced its quarterly earnings data on Thursday, October, 20th. The transportation company reported $3.42 EPS for the quarter, missing analysts' consensus estimates of $3.52 by $0.10. The transportation company had revenue of $745.10 million for the quarter. Herc had a net margin of 12.01% and a trailing twelve-month return on equity of 30.20%.

Herc announced a quarterly dividend on Friday, December 2nd. Investors of record on Monday, December 12th will be paid a dividend of $0.575 per share on Tuesday, December 27th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for HRI.

Herc (NYSE:HRI) pays an annual dividend of $2.30 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 22.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 16.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRI.

107 employees have rated Herc Chief Executive Officer Larry Silber on Glassdoor.com. Larry Silber has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Herc investors own include Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), Cisco Systems (CSCO), NVIDIA (NVDA), Bank of America (BAC), Ford Motor (F), Johnson & Johnson (JNJ) and Pfizer (PFE).

Herc trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRI."

Herc's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.35%), Alliancebernstein L.P. (7.35%), Gamco Investors INC. ET AL (6.44%), BlackRock Inc. (5.92%), Dimensional Fund Advisors LP (3.08%) and Impax Asset Management Group plc (2.30%). Insiders that own company stock include Carl C Icahn, Christian J Cunningham, James H Browning, Lawrence Harris Silber, Mark Irion and Tamir Peres.
View institutional ownership trends.

Shares of HRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HRI stock can currently be purchased for approximately $129.99.

Herc (NYSE:HRI) has a market capitalization of $3.80 billion and generates $2.07 billion in revenue each year. The transportation company earns $224.10 million in net income (profit) each year or $10.02 on an earnings per share basis.

The company employs 4,800 workers across the globe.

Herc's mailing address is 27500 RIVERVIEW CENTER BOULEVARD, BONITA SPRINGS FL, 34134. The official website for the company is ir.hercrentals.com. The transportation company can be reached via phone at 239-301-1000, via email at elizabeth.higashi@hercrentals.com, or via fax at 888-817-7694.