Herc Holdings Inc
HRI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$996.19 | Srvfl | Fhjpnhkz |
Herc Rentals Reports Solid Second-Quarter Results As Rental Markets Remain Strong
Herc Rentals’ second-quarter results showed the equipment rental market continues to run at a strong pace, despite recessionary concerns in the United States. This backdrop led us to increase our fair value estimate to $129 from $123 previously. Herc grew rental revenue by 35% year on year, thanks to strong volume and price growth. The latter metric was up 5.5% year on year, as the company has been diligent in responding to inflation.