Herc (HRI) Projected to Post Earnings on Thursday

Herc (NYSE:HRI) is expected to be posting 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Herc Price Performance

Shares of HRI opened at $206.98 on Wednesday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $5.88 billion, a PE ratio of 16.92, a P/E/G ratio of 1.08 and a beta of 2.04. The stock has a 50 day simple moving average of $200.37 and a 200 day simple moving average of $181.62. Herc has a 52-week low of $124.70 and a 52-week high of $246.88.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HRI. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price target on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.