JP Morgan initiated coverage on Herc Holdings with a new price target
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JP Morgan initiated coverage of Herc Holdings with a rating of Neutral and set a new price target of $155.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/7/2024 | $155.00 | Neutral | JP Morgan |
| 12/4/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/21/2023 | $150.00 → $140.00 | Buy → Underperform | BofA Securities |
| 3/11/2022 | $205.00 | Overweight | Wells Fargo |
| 1/21/2022 | $205.00 | Neutral → Buy | Northcoast Research |
| 12/21/2021 | $222.00 → $161.00 | Outperform → Neutral | Robert W. Baird |
| 12/21/2021 | $222.00 → $161.00 | Outperform → Neutral | Baird |
| 10/22/2021 | $175.00 → $225.00 | Overweight | Keybanc |
JP Morgan initiated coverage of Herc Holdings with a rating of Neutral and set a new price target of $155.00
KeyBanc Capital Markets downgraded Herc Holdings from Overweight to Sector Weight
BofA Securities downgraded Herc Holdings from Buy to Underperform and set a new price target of $140.00 from $150.00 previously
Third Quarter 2024 Highlights Record equipment rental revenue of $866 million, an increase of 13% Record total revenues of $965 million, an increase of 6% Rental pricing increased 2.3% year-over-year M&A and greenfield openings offset impact from decelerating local-market revenue growth Net income increased 8% to $122 million, or $4.28 per diluted share Adjusted EBITDA of $446 million increased 9%; adjusted EBITDA margin of 46.2% Free cash flow of $218 million for the nine months ended September 30, 2024 Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended September 30, 2024. "In the third quarter, we signif
Herc Holdings Inc. (NYSE:HRI) today announced it will release third quarter 2024 financial results on October 22, 2024, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company's results and may discuss or disclose material business, financial, or other information that is not contained in the press release. A live webcast of the event will be available at: https://IR.HercRentals.com, or https://events.q4inc.com/attendee/845332700. The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
Herc Holdings, Inc. (NYSE:HRI), one of North America's leading equipment rental suppliers, today announced that its Board of Directors has declared the Company's quarterly dividend of $0.665 per share. The dividend is payable September 6, 2024, to shareholders of record as of August 23, 2024. About Herc Holdings Inc. Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 428 locations across North America, and 2023 total revenues were approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmovin
Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or "the Company"), a leader in the equipment rental industry, today announced that Larry Silber, president and chief executive officer, Aaron Birnbaum, senior vice president and chief operating officer, and Mark Humphrey, senior vice president and chief financial officer, will participate in the Baird 2024 Global Industrial Conference in Chicago, Illinois on Tuesday, November 12, 2024. A fireside chat discussion and simultaneous audio webcast will take place on that day, at 1:45 PM CT (2:45 PM ET). A live audio webcast of the fireside chat will be available at: https://wsw.com/webcast/baird74/hri/1762695 Investors may also access the webcast
Midland, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that its Board of Directors has appointed Jean Holley as a Director, effective November 1, 2024. In connection with the appointment, the Company increased the size of its Board from six to seven directors. "We are excited to welcome Jean to NGS's Board of Directors," stated Justin Jacobs, Chief Executive Officer of NGS. "Jean is an accomplished executive with significant expertise across a number of businesses and disciplines which we
Third Quarter 2024 Highlights Record equipment rental revenue of $866 million, an increase of 13% Record total revenues of $965 million, an increase of 6% Rental pricing increased 2.3% year-over-year M&A and greenfield openings offset impact from decelerating local-market revenue growth Net income increased 8% to $122 million, or $4.28 per diluted share Adjusted EBITDA of $446 million increased 9%; adjusted EBITDA margin of 46.2% Free cash flow of $218 million for the nine months ended September 30, 2024 Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended September 30, 2024. "In the third quarter, we signif
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Midland, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that its Board of Directors has appointed Jean Holley as a Director, effective November 1, 2024. In connection with the appointment, the Company increased the size of its Board from six to seven directors. "We are excited to welcome Jean to NGS's Board of Directors," stated Justin Jacobs, Chief Executive Officer of NGS. "Jean is an accomplished executive with significant expertise across a number of businesses and disciplines which we
Baird analyst Mircea Dobre maintains Herc Hldgs (NYSE:HRI) with a Neutral and maintains $155 price target.
Herc Holdings Inc (NYSE:HRI) reported second-quarter FY24 sales growth of 6% year-on-year to $848 million, beating the analyst consensus estimate of $832.02 million. The revenue growth was due to an increase in equipment rental revenue of $63 million, reflecting positive pricing of 3.5% and increased volume of 6.4%. Total expenses for the quarter increased 8% to $755 million. Adjusted EBITDA increased 2%, with the adjusted EBITDA margin compressing to 42.5%. Adjusted EPS of $2.60 missed the analyst consensus estimate of $2.91. Herc held $70 million in cash and equivalents as of June-end, with a total fleet of approximately $6.7 billion at OEC. Operating cash flow for six mont