Herc Holdings (HRI) Stock

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings, Inc. (NYSE: HRI), a top equipment rental company in North America, has announced that its Board of Directors has approved a quarterly dividend of $0.665 per share. This dividend will be paid on December 27, 2024, to shareholders who are on record by December 16, 2024. Herc Holdings Inc., established in 1965, operates through its subsidiary Herc Rentals Inc. and has 429 locations.

Herc Holdings Inc. has a Buy rating, with an expected price rise of 12% to $259.98, thanks to favorable industry trends, a solid growth plan, and effective management. The company enjoys advantages from its extensive and varied fleet, excellent customer service, and skilled leadership, which provide it with a moderate competitive edge. Although it faces challenges like rising interest rates and economic uncertainty, Herc's diverse strategy and growth efforts suggest a promising long-term future.

Herc Holdings Inc. (NYSE:HRI) will hold its Q3 2024 Earnings Conference Call on October 22, 2024, at 8:30 AM ET. The call will feature company leaders including President and CEO Larry Silber, along with other senior executives. Various analysts from firms like Goldman Sachs and J.P. Morgan will also participate in the call.

Herc Holdings (HRI) reported quarterly earnings of $4.35 per share, which is lower than the Zacks Consensus Estimate of $4.48 per share. This is an increase compared to earnings of $4 per share from the same period last year.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) announced its financial results for the quarter that ended on September 30, 2024. Larry Silber, the president and CEO, stated, “In the third quarter, we greatly exceeded the overall industry growth in both total rental revenue and organic revenue.” He added that the company is benefiting from its wide market reach, diverse product and service offerings, and growth strategies.

Herc Holdings (HRI) saw an increase in its share price during the last trading session, with higher-than-normal trading volume. However, the recent changes in earnings estimates for the stock do not indicate that this upward trend will continue in the future.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) has announced that it will share its financial results for the third quarter of 2024 on October 22, 2024, before the market opens. Following this, there will be an investor conference call at 8:30 a.m. ET, where management will discuss the results and may provide additional important information not included in the press release. A live webcast of the call can be accessed at: https:.

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 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.