Herc Holdings Inc. (NYSE:HRI) shares traded lower over the last trading session, losing -4.99% on 06/10/21. The shares fell to a low of $102.74 before closing at $103.46. Intraday shares traded counted 0.34 million, which was -30.53% lower than its 30-day average trading volume of 258.58K. HRI’s previous close was $108.89 while the outstanding shares total 29.50M. The firm has a beta of 3.11, a 12-month trailing P/E ratio of 27.92, and a growth ratio of 0.65. The stock’s Relative Strength Index (RSI) is 43.52, with weekly volatility at 4.12% and ATR at 4.64. The HRI stock’s 52-week price range has touched low of $25.69 and a $117.26 high.
Investors have identified the Rental & Leasing Services company Herc Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.98 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Herc Holdings Inc. (HRI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For HRI, the company has in raw cash 32.9 million on their books with 15.3 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 364.0 million total, with 322.8 million as their total liabilities.
HRI were able to record 30.4 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 100000.0. In cash movements, the company had a total of 134.7 million as operating cash flow.
Potential earnings growth for Herc Holdings Inc. (HRI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Herc Holdings Inc. recorded a total of 453.8 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.88% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -14.68%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 225.6 million trying to sell their products during the last quarter, with the result yielding a gross income of 228.2 million. This allows shareholders to hold on to 29.50M with the recently reported earning now reading 1.12 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (1.10 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.83 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HRI sounds very interesting.
Is the stock of HRI attractive?
In related news, SVP&Chief Information Officer, Peres Tamir sold 3,962 shares of the company’s stock in a transaction that recorded on May 28. The sale was performed at an average price of 113.00, for a total value of 447,706. As the sale deal closes, the SVP & Chief HR Officer, Cunningham Christian J now sold 7,829 shares of the company’s stock, valued at 861,107. Also, President & CEO, Silber Lawrence Harris sold 25,000 shares of the company’s stock in a deal that was recorded on May 06. The shares were price at an average price of 110.36 per share, with a total market value of 2,759,000. Following this completion of acquisition, the SVP & Chief Operating Officer, Birnbaum Aaron now holds 629 shares of the company’s stock, valued at 51,477. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
5 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Herc Holdings Inc.. 0 analysts has assigned a Sell rating on the HRI stock. The 12-month mean consensus price target for the company’s shares has been set at $127.40.