Herc (HRI) Expected to Announce Earnings on Thursday

Herc (NYSE:HRI - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Herc to post earnings of $3.98 per share and revenue of $924.92 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Herc Stock Down 2.1 %

Shares of Herc stock traded down $4.38 during trading hours on Friday, reaching $205.01. 140,002 shares of the company's stock were exchanged, compared to its average volume of 275,636. The stock has a market cap of $5.82 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.08 and a beta of 2.04. The company has a 50 day moving average of $200.92 and a two-hundred day moving average of $181.04. 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 has a fifty-two week low of $124.70 and a fifty-two week high of $246.88.

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 1.37%. Herc's dividend payout ratio is 21.75%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Herc from $204.00 to $234.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average 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.