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

Herc Holdings Inc. (NYSE:HRI) announced a quarterly dividend on Friday, May 15th. Investors 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. Research 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 Stock Performance

Shares of NYSE HRI traded down $1.54 during trading hours on Friday, hitting $138.74. 470,477 shares of the stock were exchanged, compared to its average volume of 607,948. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50 day moving average is $113.41 and its 200 day moving average is $137.03. The firm has a market capitalization of $4.63 billion, a P/E ratio of -513.85, a P/E/G ratio of 27.31 and a beta of 1.90. Herc has a one year low of $88.45 and a one year high of $188.35.

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

About Herc

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.