Wells Fargo has initiated coverage on Herc Holdings Inc (HRI) with an Overweight rating, reflecting the firm's assessment of the company's investment potential. This rating marks the beginning of Wells Fargo's analysis of Herc's business, industry dynamics, and growth opportunities.
Herc Holdings, headquartered in Bonita Springs, Florida, operates in the Trading Companies & Distributors industry and employs approximately 7,600 full-time staff. The company, which went public on November 16, 2006, specializes in equipment rental services through its subsidiary, Herc Rentals Inc. Beyond equipment rental, Herc offers used equipment sales, contractor supplies, and ancillary services such as repair and maintenance, equipment management, and safety training.
The current share price stands at $133.53, with a market capitalization of $4.5 billion. The company has reported a trailing twelve-month earnings per share (EPS) of -2.52 and boasts a high dividend yield of 205.8%. Upcoming earnings reports are anticipated, with estimates for July 26, 2026, projecting an EPS of $1.43 on revenue of $1.2 billion.
Analyst ratings, such as this new Overweight designation, provide insights based on extensive research and financial modeling. However, they should be viewed as one of many factors in investment decisions, which should also consider company fundamentals and industry trends. As a reminder, analyst opinions can evolve as new data emerges, and different analysts may hold varying views on the same entity.