Herc (HRI) Projected to Post Earnings on Thursday

Herc (NYSE:HRI) is expected to issue its quarterly earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

Herc Price Performance

NYSE:HRI opened at $205.82 on Thursday. The company has a market cap of $5.85 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.06 and a beta of 2.04. 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’s fifty day moving average price is $202.35 and its two-hundred day moving average price is $180.05. Herc has a one year low of $124.70 and a one year high of $246.88.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 1.36%. The ex-dividend date is Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 21.75%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HRI. Barclays lifted their price target 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 stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.