|Bid||44.84 x 800|
|Ask||46.95 x 1200|
|Day's Range||44.54 - 47.21|
|52 Week Range||11.81 - 50.81|
|Beta (5Y Monthly)||3.22|
|PE Ratio (TTM)||18.71|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.83|
Zacks.com featured highlights include: SYNNEX, Herc Holdings, Flexible Solutions International, Deckers Outdoor Corp and L.B. Foster
Herc Holdings (HRI) delivered earnings and revenue surprises of 62.65% and 6.81%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Herc Holdings (NYSE:HRI) were unchanged in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share decreased 8.78% over the past year to $1.35, which beat the estimate of $0.80.Revenue of $456,700,000 decreased by 10.12% from the same period last year, which beat the estimate of $427,860,000.Outlook Herc raised its FY20 adjusted EBITDA from $625 million-$650 million to $655 million-$675 million. Conference Call Details Date: Oct 22, 2020Time: 08:30 AMView more earnings on HRIET Webcast URL: https://78449.choruscall.com/dataconf/productusers/hri/mediaframe/40424/indexr.htmlTechnicals Company's 52-week high was at $50.8152-week low: $11.81Price action over last quarter: Up 26.15%Company Overview Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third- largest equipment rental company in North America, after United Rentals and Sunbelt Rentals, with 3% market share. It serves construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-plus-year history, the company has rented equipment to its customers for intermittent use. Herc Holdings' strategy now offers to industrial customers long-term rental schemes, where Herc maintains its own staff at the customer site. In 2019, Herc Holdings' fleet included $3.8 billion of equipment at original cost. Annual companywide revenue was approximately $2 billion, including $1.7 billion in equipment rentals.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.