Herc (HRI) Expected to Announce Earnings on Thursday

Herc (NYSE:HRI) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $3.98 per share and revenue of $924.92 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Herc Trading Down 1.2 %

NYSE HRI opened at $202.45 on Tuesday. Herc has a one year low of $124.70 and a one year high of $246.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $5.75 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.08 and a beta of 2.04. The stock’s 50-day moving average is $200.92 and its 200-day moving average is $181.29.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is 22.89%.

Wall Street Analysts Forecast Growth

HRI has been the subject of several research reports. Barclays increased their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $219.75.

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.