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

Herc Holdings Inc. (NYSE:HRI - Get Free Report) declared a quarterly dividend on Friday, August 8th, RTT News reports. Investors of record on Friday, August 22nd will be given a dividend of 0.70 per share by the transportation company on Friday, September 5th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

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Herc has a dividend payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Herc to earn $15.12 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 18.5%.

Herc Trading Down 0.6%

Shares of HRI traded down $0.67 during trading hours on Friday, reaching $110.84. 19,659 shares of the company traded hands, compared to its average volume of 525,078. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 128.62, a PEG ratio of 1.37 and a beta of 1.86. The stock's fifty day moving average price is $127.86 and its 200 day moving average price is $139.25. Herc has a 12-month low of $96.18 and a 12-month high of $246.88.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.29 by $0.58. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $868.23 million. Herc had a net margin of 0.61% and a return on equity of 20.77%. Sell-side analysts forecast that Herc will post 12.84 earnings per share for the current year.

About Herc

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.

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