Herc (NYSE:HRI) posted its earnings results on Thursday. The transportation company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.67, MarketWatch Earnings reports. The firm had revenue of $516.20 million during the quarter, compared to the consensus estimate of $499.86 million. Herc had a net margin of 11.61% and a return on equity of 3.55%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share.
Shares of HRI remained flat at $$38.04 during trading hours on Friday. 646,088 shares of the stock traded hands, compared to its average volume of 386,025. The stock has a market capitalization of $978.54 million, a P/E ratio of -118.88 and a beta of 2.73. The company has a debt-to-equity ratio of 4.48, a current ratio of 0.84 and a quick ratio of 0.80. Herc has a 52-week low of $30.60 and a 52-week high of $72.99.
Several institutional investors and hedge funds have recently bought and sold shares of HRI. Tower Research Capital LLC TRC bought a new position in shares of Herc in the second quarter valued at approximately $118,000. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Herc by 138.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 2,081 shares during the period. Natixis bought a new position in shares of Herc in the second quarter valued at approximately $203,000. Xact Kapitalforvaltning AB bought a new position in shares of Herc in the first quarter valued at approximately $238,000. Finally, Sun Life Financial INC bought a new position in shares of Herc in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 94.37% of the company’s stock.
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.
Featured Article: What factors cause inflation to rise?
Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.