Herc HoldingsNYSE: HRI

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 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.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc Holdings” or the “Company”) today announced that it has priced $800 million aggregate principal amount of 6.625% senior unsecured notes due 2029 (the “notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased by $300 million from the previously announced total offering size of $500 million. The closing.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc Holdings” or the “Company”) today announced that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The terms of the notes will be determined at the time of pricing of the notes. The notes will.

Herc Holdings, Inc. (NYSE: HRI), a top equipment rental provider in North America, declared a quarterly dividend of $0.665 per share. The dividend will be paid on June 14, 2024, to shareholders of record as of May 31, 2024. Herc Holdings Inc., founded in 1965, operates through its Herc Rentals Inc. subsidiary and has 412 locations nationwide.

At Zacks, we prioritize the reliable Zacks Rank system that highlights earnings estimates and revisions to identify top-performing stocks. However, we also stay updated on current value, growth, and momentum trends to highlight solid investment choices.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

A company that is capable of generating earnings well above its interest expense can withstand financial hardship. LRN, MOD, STRL and HRI are sound enough to meet financial obligations.

Here is how Herc Holdings (HRI) and International Seaways (INSW) have performed compared to their sector so far this year.