Herc (NYSE:HRI) Issues Quarterly Earnings Results

Herc (NYSE:HRI - Get Free Report) released its earnings results on Tuesday. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.48 by ($0.13), RTT News reports. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.00 EPS.

Herc Trading Up 17.5 %

Herc stock traded up $29.65 during trading on Tuesday, reaching $198.72. The company had a trading volume of 1,266,987 shares, compared to its average volume of 233,586. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.00 and a beta of 2.07. Herc has a 12-month low of $100.17 and a 12-month high of $202.30. The stock's 50 day moving average price is $151.27 and its two-hundred day moving average price is $146.37.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 annualized dividend and a dividend yield of 1.34%. Herc's payout ratio is currently 21.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Herc from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Herc from $150.00 to $200.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $170.75.

Insider Buying and Selling at Herc

In other news, SVP Tamir Peres sold 5,821 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Aaron Birnbaum sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the transaction, the chief operating officer now directly owns 38,232 shares of the company's stock, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

About Herc

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.