With 0.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.29 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $237.695 whereas the lowest price it dropped to was $227.02. The 52-week range on HRI shows that it touched its highest point at $246.88 and its lowest point at $114.60 during that stretch. It currently has a 1-year price target of $231.62. With its current market cap of 6.47 billion, HRI has annualized dividend of $2.63 while the current yield stands at 1.15%. Beta for the stock currently stands at 2.04.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HRI was up-trending over the past week, with a rise of 9.95%, but this was up by 37.02% over a month. Three-month performance surged to 71.93% while six-month performance rose 43.92%. The stock gained 98.09% in the past year, while it has gained 52.86% so far this year. A look at the trailing 12-month EPS for HRI yields 12.23 with Next year EPS estimates of 14.66. For the next quarter, that number is 3.92. This implies an EPS growth rate of 7.22% for this year and 11.18% for next year. EPS is expected to grow by 12.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 38.28%.
Float and Shares Shorts:
At present, 28.20 million HRI shares are outstanding with a float of 27.97 million shares on hand for trading. On 2024-10-15, short shares totaled 1.18 million, which was 413.99999999999994 higher than short shares on 1726185600. In addition to Mr. Lawrence H. Silber as the firm’s President, CEO & Director, Mr. W. Mark Humphrey CPA serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.94668 of HRI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HRI reported revenue of $965000000.0 and operating income of $229000000.0. The EBITDA in the recently reported quarter was $436000000.0 and diluted EPS was $4.28.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HRI since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HRI analysts setting a high price target of 267.0 and a low target of 150.0, the average target price over the next 12 months is 219.75. Based on these targets, HRI could surge 17.32% to reach the target high and fall by -34.09% to reach the target low. Reaching the average price target will result in a decline of -3.44% from current levels.
Analysts have provided yearly estimates in a range of $13.24572 being high and $13.12928 being low. For HRI, this leads to a yearly average estimate of $13.1875. The surprise factor in the prior quarter was $2.91. Based on analyst estimates, the high estimate for the next quarter is $2.93 and the low estimate is $2.07. The average estimate for the next quarter is thus $2.44.
