Herc Holdings, Inc. (HRI) Q4 2024 Earnings Call Transcript
Herc Holdings, Inc. (NYSE:HRI ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Leslie Hunziker - SVP, IR, Communications & Sustainability Lawrence Silber - President, CEO & Director Aaron Birnbaum - SVP & COO Mark Humphrey - SVP & CFO Conference Call Participants Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Steven Ramsey - Thompson Research Group Neil Tyler - Redburn Atlantic Mig Dobre - Baird Kenneth Newman - KeyBanc Capital Markets Sherif El Sabbahy - Bank of America Merrill Lynch Brian Sponheimer - Gabelli Funds Operator Thank you for standing by. My name is Karen, and I will be your conference separator today.
Herc Holdings (HRI) Misses Q4 Earnings Estimates
Herc Holdings (HRI) came out with quarterly earnings of $3.58 per share, missing the Zacks Consensus Estimate of $4.18 per share. This compares to earnings of $3.24 per share a year ago.
Herc Holdings (HRI) Earnings Expected to Grow: Should You Buy?
Herc Holdings (HRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Herc Holdings' Growth Strategy To Drive Higher Share Prices
Herc Holdings Inc. is rated a Buy, with a projected 12% price increase to $259.98, driven by industry tailwinds, growth strategy, and strong management. The company benefits from its large, diverse fleet, superior customer service, and experienced leadership, giving it a medium competitive moat. Despite challenges from higher interest rates and macroeconomic uncertainty, Herc's diversified position and growth initiatives support a positive long-term outlook.
Herc Holdings Inc. (HRI) Q3 2024 Earnings Call Transcript
Herc Holdings Inc. (NYSE:HRI ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Larry Silber - President & CEO Aaron Birnbaum - SVP &COO Mark Humphrey - SVP & CEO Leslie Hunziker - SVP, IR Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Steven Ramsey - Thompson Research Group Neil Tyler - Redburn Atlantic Tami Zakaria - J.P. Morgan Ken Newman - KeyBank Capital Markets Sherif El-Sabbahy - Bank of America Mircea Dobre - Robert W.
Herc Holdings (HRI) Q3 Earnings Miss Estimates
Herc Holdings (HRI) came out with quarterly earnings of $4.35 per share, missing the Zacks Consensus Estimate of $4.48 per share. This compares to earnings of $4 per share a year ago.
Herc Holdings (HRI) Soars 3.5%: Is Further Upside Left in the Stock?
Herc Holdings (HRI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Herc Holdings (HRI) Misses Q2 Earnings Estimates
Herc Holdings (HRI) came out with quarterly earnings of $2.60 per share, missing the Zacks Consensus Estimate of $2.94 per share. This compares to earnings of $2.69 per share a year ago.
Herc Holdings: Patience Should Yield Strong Results
Herc Holdings is a company that rents out equipment and has shown continued revenue and cash flow growth. The company's equipment rental revenue has increased, and management expects growth to continue in the current fiscal year. Shares are cheap and that, combined with growth, creates a recipe for upside in the long run.
Herc Holdings: Fundamental Are Strong, Should Own This Stock At The Current Levels
HERC Holdings continues to experience strong topline growth in 2024 with support from pricing strength and recent acquisitions. The company operates in various industries, renting out a variety of equipment for fleet management and general and specialty purposes. The demand environment remains healthy for the near term, while the longer term should benefit from industrial tailwinds and the company's expansion efforts.
Panagora Asset Management Inc. Takes $3.35 Million Position in Herc Holdings Inc. (NYSE:HRI)
Panagora Asset Management Inc. purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,503 shares of the transportation company’s stock, valued at approximately $3,350,000. Panagora Asset Management Inc. owned 0.08% of Herc at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of HRI. Signaturefd LLC grew its stake in shares of Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 160 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after acquiring an additional 265 shares during the last quarter. CWM LLC grew its holdings in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after acquiring an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Herc in the 4th quarter valued at approximately $108,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Herc during the 3rd quarter worth $173,000. 93.11% of the stock is owned by institutional investors and hedge funds. Herc Stock Performance NYSE HRI opened at $155.72 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.76 and a beta of 2.27. Herc Holdings Inc. has a fifty-two week low of $99.72 and a fifty-two week high of $171.00. The business has a fifty day moving average of $157.85 and a 200-day moving average of $146.36. Herc (NYSE:HRI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The firm had revenue of $804.00 million during the quarter. As a group, analysts predict that Herc Holdings Inc. will post 14.59 earnings per share for the current fiscal year. Herc Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, May 31st. Herc’s payout ratio is 21.97%. Insider Buying and Selling at Herc In other news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Aaron Birnbaum sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the transaction, the chief operating officer now owns 48,232 shares in the company, valued at $7,347,180.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tamir Peres sold 3,545 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The disclosure for this sale can be found here. Insiders sold 35,996 shares of company stock worth $5,656,956 in the last 90 days. 1.70% of the stock is owned by company insiders. Analysts Set New Price Targets Several research firms recently commented on HRI. Robert W. Baird upped their price target on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, The Goldman Sachs Group boosted their price target on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Herc currently has an average rating of “Hold” and a consensus target price of $152.50. Check Out Our Latest Stock Report on HRI Herc Company Profile (Free Report) 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.
