According to Zacks, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States. “
HRI has been the subject of several other reports. Barclays PLC assumed coverage on shares of Herc Holdings in a report on Monday, August 15th. They set an equal weight rating and a $34.00 price objective for the company. KeyCorp assumed coverage on shares of Herc Holdings in a report on Wednesday, July 6th. They set a sector weight rating for the company. Finally, Longbow Research assumed coverage on shares of Herc Holdings in a report on Thursday, July 7th. They set a neutral rating for the company.
Herc Holdings (NYSE:HRI) opened at 30.49 on Monday. The firm’s 50-day moving average is $33.42 and its 200-day moving average is $31.27. The firm has a market capitalization of $863.17 million, a price-to-earnings ratio of 10.18 and a beta of 2.32. Herc Holdings has a 1-year low of $20.85 and a 1-year high of $60.15.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. The firm had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. Herc Holdings had a return on equity of 11.95% and a net margin of 3.07%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. On average, equities analysts anticipate that Herc Holdings will post $0.26 EPS for the current year.
In related news, Director James H. Browning purchased 1,500 shares of Herc Holdings stock in a transaction on Friday, August 12th. The stock was purchased at an average cost of $32.94 per share, with a total value of $49,410.00. Following the acquisition, the director now directly owns 1,500 shares in the company, valued at $49,410. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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