Herc Holdings Inc

HRI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$937.64	Btmxkg	Yvfmryx

Herc Rentals Reports Solid Second-Quarter Results As Rental Markets Remain Strong

Dawit Woldemariam

Jul 22, 2022

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.

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