Herc Holdings Inc. (NYSE:HRI) Declares $0.70 Quarterly Dividend

Herc Holdings Inc. (NYSE:HRI) announced a quarterly dividend on Friday, May 15th. Stockholders of record on Friday, May 29th will be given a dividend of 0.70 per share by the transportation company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th.

Herc has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Herc to earn $8.71 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 32.1%.

Herc Price Performance

Shares of HRI traded down $1.54 during trading hours on Friday, hitting $138.74. The stock had a trading volume of 470,477 shares, compared to its average volume of 607,948. The company’s fifty day moving average is $113.41 and its two-hundred day moving average is $137.03. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46. Herc has a 52 week low of $88.45 and a 52 week high of $188.35. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -513.85, a P/E/G ratio of 27.31 and a beta of 1.90.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.42. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, analysts anticipate that Herc will post 4.82 EPS for the current year.

Herc Company Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.