Herc - HRI Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" HRI shares.
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5 Wall Street research analysts have issued 12-month price targets for Herc's shares. Their HRI share price forecasts range from $158.00 to $205.00. On average, they predict the company's stock price to reach $174.60 in the next year. This suggests a possible upside of 48.9% from the stock's current price.
View analysts price targets for HRI or view top-rated stocks among Wall Street analysts.

Herc's stock was trading at $156.55 at the beginning of 2022. Since then, HRI stock has decreased by 25.1% and is now trading at $117.27.
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Herc saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 701,500 shares, a drop of 13.1% from the August 15th total of 806,900 shares. Based on an average daily trading volume, of 248,600 shares, the short-interest ratio is presently 2.8 days. Approximately 2.4% of the shares of the stock are sold short.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our HRI earnings forecast.

Herc will be holding an earnings conference call on Thursday, October 20th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Herc Holdings Inc. (NYSE:HRI) posted its quarterly earnings data on Thursday, July, 21st. The transportation company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by $0.11. The transportation company earned $640.40 million during the quarter, compared to analysts' expectations of $631.11 million. Herc had a trailing twelve-month return on equity of 28.42% and a net margin of 11.76%. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS.

Herc announced a quarterly dividend on Monday, August 8th. Investors of record on Friday, August 19th will be given a dividend of $0.575 per share on Friday, September 2nd. This represents a $2.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 18th.
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 2.11%. The dividend payout ratio is 25.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 16.25% 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 Hertz Global (HTZ), 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."

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 $117.27.

Herc (NYSE:HRI) has a market capitalization of $3.51 billion and generates $2.07 billion in revenue each year. The transportation company earns $224.10 million in net income (profit) each year or $9.03 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.