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WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #CentralToHome--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a leading consumer goods company in the pet and garden industries, today announced financial results for its fiscal 2026 second quarter ended March 28, 2026. “We continued to build on our solid start to the year, ending the quarter with higher sales, expanded operating margins, and increased earnings per share versus last year, driven by consistent execution and improving performa.

Central Garden & Pet Company (CENT) Q2 2026 Earnings Call Transcript

Central Garden & Pet posts a Q2 earnings beat as Pet and Garden sales rise, margins improve and both segments deliver strong operating growth.

Here is how Central Garden (CENT) and Carter's (CRI) have performed compared to their sector so far this year.

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WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #CentralImpact--Central Garden & Pet Company (NASDAQ: CENT), (NASDAQ: CENTA), a leading consumer goods company in the pet and garden industries, is deepening its commitment to local wildlife care and conservation through its support of Lindsay Wildlife Experience in Walnut Creek. By combining employee volunteer efforts with in-kind donations and a $50,000 contribution toward Lindsay's new aviary expansion project, Central is helping strengthen the organization's capac.

On June 04, 2026, Central Garden & Pet Co CENT shares rose 4.9% to a current price of $39.57. This movement comes amid a 52-week range of $28.77 to $41.53, reflecting a strong year-to-date performance with a gain of 23.1%.

GF Value™ verdict: Current price is $39.57, compared to GF Value™ of $37.84, indicating the stock is 4.6% overvalued.GF Score™ of 78/100 suggests an above-average potential for long-term returns.Most notable signal: No insider transactions have been reported in the last 3 months. Is CENT Overvalued or Undervalued? Currently, Central Garden & Pet Co CENT is trading at $39.57, which is above its GF Value™ estimate of $37.84. This pricing indicates that the stock is approximately 4.6% overvalued based on GuruFocus’ proprietary measure of intrinsic value, which is calculated from historical trading multiples, past business growth, and future performance estimates. The GF Valuation label suggests that CENT is fairly valued, but given the current overvaluation, investors may face some risks if the stock were to correct in the near term.

The margin of safety is limited at this price level, suggesting that potential investors might want to be cautious. While CENT has shown solid price performance and a reasonable GF Score™, the overvaluation implies that the stock could face downward pressure in the future if market conditions or company performance do not meet expectations.

How Does CENT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 14.4x 17.6x Forward P/E 12.8x N/A The current P/E ratio of 14.4x is significantly below its 5-year median P/E of 17.6x, suggesting that the stock is trading at a discount to its historical valuation. This P/E analysis agrees with the GF Value™ verdict, indicating that while CENT is currently overvalued, it remains relatively less expensive compared to its historical averages.

What Does CENT's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).

Metric Rating GF Score™ 78 Financial Strength 6/10 Profitability 8/10 Growth 3/10 Valuation 9/10 Momentum 8/10 The GF Score™ of 78/100 indicates that CENT has strong profitability and valuation rankings, suggesting good financial health and attractive valuation metrics relative to its peers. However, the lower growth rank of 3/10 highlights that the company may face challenges in expanding its earnings at a rapid pace. Overall, CENT presents a mixed picture with solid profitability and valuation, but growth could be a potential concern for long-term investors.

What Are Insiders Doing with CENT Stock? There have been no insider transactions in Central Garden & Pet Co CENT stock over the last three months. This lack of recent insider activity may suggest that executives and board members currently do not see a compelling need to buy or sell shares, which could indicate stability or a wait-and-see approach regarding the company's future performance.

What This Means for Investors Based on the assessment of GF Value™, Central Garden & Pet Co CENT is currently overvalued at $39.57 compared to its GF Value™ of $37.84, suggesting a potential risk for investors. While the company exhibits a strong GF Score™ and a solid profitability profile, the overvaluation indicates caution may be warranted when considering new investments in the stock.

For the complete analysis, visit the Central Garden & Pet Co CENT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is CENT's GF Score™?

CENT's GF Score™ is 78/100, indicating above-average potential for long-term returns based on various fundamental factors.

Is CENT overvalued or undervalued?

According to the GF Value™, CENT is currently overvalued with a price of $39.57 against a GF Value™ of $37.84, suggesting caution for potential investors.

What is CENT's P/E ratio?

CENT's P/E (TTM) is 14.4x, which is 18% below its 5-year median P/E of 17.6x, indicating that the stock is trading at a discount relative to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2026, before the market opens on April 22, 2026.

First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00am Eastern Time on Wednesday, April 22, 2026. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation’s investor relations website: fbpinvestor.com.

Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The call may also be accessed through a dial-in telephone number 800-715-9871 or 646-307-1963. The participant access code is 5351564. Following the webcast presentation, a question-and-answer session will be made available to research analysts and institutional investors.

A telephone replay will be available until May 22, 2026, at 800-770-2030, with access code 5351564. A replay of the webcast will be archived on First BanCorp’s website until April 22, 2027.

About First BanCorp

First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.

First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”

More News From First BanCorp

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First BanCorp. (NYSE: FBP - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 9,658,277 shares, a growth of 20.8% from the February 26th total of 7,997,595 shares. Currently, 6.3% of the shares of the stock are short

Posted by Defense World Staff on Apr 15th, 2026

First BanCorp. (NYSE:FBP – Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect First BanCorp. to post earnings of $0.5290 per share and revenue of $263.5390 million for the quarter. Individuals may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 10:00 AM ET.

First BanCorp. (NYSE:FBP – Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $257.17 million for the quarter, compared to analyst estimates of $256.18 million. First BanCorp. had a return on equity of 17.33% and a net margin of 27.48%.During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts expect First BanCorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First BanCorp. Stock Performance Shares of First BanCorp. stock opened at $22.75 on Wednesday. The firm has a market cap of $3.54 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.85 and a beta of 0.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. First BanCorp. has a 12 month low of $17.76 and a 12 month high of $23.43. The stock’s fifty day moving average price is $21.71 and its 200-day moving average price is $21.16.

First BanCorp. Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.20 per share. This is an increase from First BanCorp.’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, February 26th. First BanCorp.’s payout ratio is 37.21%.

Analyst Ratings Changes Several equities analysts have recently commented on the company. Hovde Group raised their price target on First BanCorp. from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Truist Financial raised their price target on First BanCorp. from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their target price on First BanCorp. from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods lifted their target price on First BanCorp. from $24.00 to $24.50 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of First BanCorp. in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.75.

Check Out Our Latest Report on First BanCorp.

Insider Activity In other First BanCorp. news, EVP Michael Mcdonald sold 34,122 shares of First BanCorp. stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $22.11, for a total value of $754,437.42. Following the transaction, the executive vice president owned 62,937 shares in the company, valued at $1,391,537.07. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roberto R. Herencia sold 4,723 shares of First BanCorp. stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total value of $106,881.49. Following the completion of the transaction, the director owned 637,019 shares in the company, valued at $14,415,739.97. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On First BanCorp. Several institutional investors and hedge funds have recently added to or reduced their stakes in FBP. Boston Partners boosted its holdings in First BanCorp. by 767.8% in the third quarter. Boston Partners now owns 1,262,241 shares of the bank’s stock worth $27,832,000 after acquiring an additional 1,116,791 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in First BanCorp. by 82.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank’s stock worth $29,878,000 after acquiring an additional 649,987 shares in the last quarter. Verition Fund Management LLC boosted its holdings in First BanCorp. by 31.6% in the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock worth $50,365,000 after acquiring an additional 548,164 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in First BanCorp. in the fourth quarter worth about $9,533,000. Finally, Bridgewater Associates LP boosted its holdings in First BanCorp. by 185.7% in the fourth quarter. Bridgewater Associates LP now owns 638,506 shares of the bank’s stock worth $13,236,000 after acquiring an additional 415,047 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

About First BanCorp. (Get Free Report)

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.

See Also Five stocks we like better than First BanCorp.

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Analysts on Wall Street project that First BanCorp (FBP - Free Report) will announce quarterly earnings of $0.52 per share in its forthcoming report, representing an increase of 10.6% year over year. Revenues are projected to reach $258.9 million, increasing 4.3% from the same quarter last year.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

Given this perspective, it's time to examine the average forecasts of specific First BanCorp metrics that are routinely monitored and predicted by Wall Street analysts.

The combined assessment of analysts suggests that 'Efficiency ratio' will likely reach 49.1%. Compared to the current estimate, the company reported 49.6% in the same quarter of the previous year.

The average prediction of analysts places 'Net Interest Margin' at 4.8%. The estimate compares to the year-ago value of 4.5%.

The collective assessment of analysts points to an estimated 'Total Interest-Earning Assets - Average Balance' of $19.01 billion. The estimate compares to the year-ago value of $19.08 billion.

The consensus estimate for 'Card and processing income' stands at $11.43 million. The estimate is in contrast to the year-ago figure of $11.48 million.

Analysts expect 'Net interest income on a tax-equivalent basis and excluding valuations' to come in at $230.09 million. Compared to the current estimate, the company reported $212.40 million in the same quarter of the previous year.

It is projected by analysts that the 'Service charges and fees on deposit accounts' will reach $9.73 million. Compared to the current estimate, the company reported $9.64 million in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Total non-interest income' should arrive at $35.35 million. The estimate is in contrast to the year-ago figure of $35.73 million.

Analysts forecast 'Mortgage banking activities' to reach $3.51 million. The estimate compares to the year-ago value of $3.18 million.

View all Key Company Metrics for First BanCorp here>>>

Over the past month, First BanCorp shares have recorded returns of +12.9% versus the Zacks S&P 500 composite's +6.4% change. Based on its Zacks Rank #4 (Sell), FBP will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

First BanCorp (FBP - Free Report) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.62%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

First BanCorp, which belongs to the Zacks Banks - Foreign industry, posted revenues of $258.64 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.1%. This compares to year-ago revenues of $248.13 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First BanCorp shares have added about 16% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for First BanCorp?While First BanCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for First BanCorp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $260.8 million in revenues for the coming quarter and $2.17 on $1.06 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) , has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -65.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Banco Comercial Portugues S.A. Unsponsored ADR's revenues are expected to be $1.12 billion, up 15.3% from the year-ago quarter.

First BanCorp. (FBP) Q1 2026 Earnings Call Transcript

Posted by Defense World Staff on Apr 29th, 2026

First BanCorp. (NYSE:FBP – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.51 and last traded at $24.1760, with a volume of 1110895 shares trading hands. The stock had previously closed at $24.24.

Analyst Ratings Changes Several research firms recently commented on FBP. Piper Sandler boosted their price objective on shares of First BanCorp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First BanCorp. in a research report on Tuesday, April 21st. Truist Financial boosted their price objective on shares of First BanCorp. from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Raymond James Financial raised shares of First BanCorp. from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $26.00 to $27.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First BanCorp. from $24.50 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.86.

View Our Latest Report on First BanCorp.

First BanCorp. Stock Down 0.3% The firm’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $21.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $3.76 billion, a P/E ratio of 10.74, a PEG ratio of 1.92 and a beta of 0.83.

First BanCorp. (NYSE:FBP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. First BanCorp. had a net margin of 28.31% and a return on equity of 17.51%. The firm had revenue of $258.64 million for the quarter, compared to analysts’ expectations of $263.54 million. During the same period in the previous year, the firm posted $0.47 EPS. As a group, research analysts expect that First BanCorp. will post 2.21 EPS for the current year.

First BanCorp. Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.80 annualized dividend and a yield of 3.3%. First BanCorp.’s payout ratio is 35.56%.

Insider Buying and Selling In other First BanCorp. news, Director Roberto R. Herencia sold 4,723 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total transaction of $106,881.49. Following the sale, the director directly owned 637,019 shares of the company’s stock, valued at $14,415,739.97. The trade was a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On First BanCorp. Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position in First BanCorp. by 8.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 498,453 shares of the bank’s stock worth $10,647,000 after buying an additional 38,608 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of First BanCorp. by 9.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 28,331 shares of the bank’s stock worth $605,000 after purchasing an additional 2,393 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of First BanCorp. during the 1st quarter worth about $1,474,000. Diversified Trust Co increased its stake in shares of First BanCorp. by 12.3% during the 1st quarter. Diversified Trust Co now owns 41,873 shares of the bank’s stock worth $894,000 after purchasing an additional 4,577 shares during the last quarter. Finally, Baron Wealth Management LLC increased its stake in shares of First BanCorp. by 7.1% during the 1st quarter. Baron Wealth Management LLC now owns 15,207 shares of the bank’s stock worth $325,000 after purchasing an additional 1,011 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

About First BanCorp. (Get Free Report)

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.

See Also Five stocks we like better than First BanCorp. Receive News & Ratings for First BanCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First BanCorp. and related companies with MarketBeat.com's FREE daily email newsletter.

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Investors with an interest in Banks - Foreign stocks have likely encountered both First BanCorp (FBP) and National Australia Bank Ltd. (NABZY). But which of these two stocks is more attractive to value investors?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First BanCorp (FBP) have what it takes?

Investors looking for stocks in the Banks - Foreign sector might want to consider either First BanCorp (FBP - Free Report) or DBS Group Holdings Ltd (DBSDY - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

First BanCorp and DBS Group Holdings Ltd are both sporting a Zacks Rank of #2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

FBP currently has a forward P/E ratio of 10.87, while DBSDY has a forward P/E of 15.59. We also note that FBP has a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DBSDY currently has a PEG ratio of 4.21.

Another notable valuation metric for FBP is its P/B ratio of 1.94. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, DBSDY has a P/B of 2.63.

These metrics, and several others, help FBP earn a Value grade of B, while DBSDY has been given a Value grade of D.

Both FBP and DBSDY are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that FBP is the superior value option right now.

On April 15, 2026, Herc Holdings Inc (HRI) shares fell 3.2% to a current price of $100.35. Over the past year, the stock has seen a high of $188.35 and a low of

On April 23, 2026, Herc Holdings Inc HRI shares rose 12.6% today, closing at $121.46. Despite this positive movement, the stock has experienced a year-to-date decline of 17.8%. The shares have traded within a 52-week range of $88.45 to $188.35.

GF Value™ verdict: The current price of $121.46 is 27.8% below the GF Value™ estimate of $168.31, indicating that the stock is undervalued.GF Score™ of 84/100 suggests strong fundamentals and the potential for higher long-term returns.Insider activity shows a positive signal, with insiders buying $0.4M worth of shares in the last three months without any selling. Is HRI Overvalued or Undervalued? The current price of Herc Holdings Inc HRI at $121.46 is significantly lower than the GF Value™ estimate of $168.31, suggesting that the stock is undervalued by 27.8%. This presents a potential opportunity for investors looking for undervalued stocks. The GF Valuation label indicates that HRI is modestly undervalued, which suggests that there may be room for price appreciation in the future. However, it is essential to consider the company's financial strength and market conditions, as a weak financial position could pose risks despite the apparent undervaluation.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Investors should remain cautious and conduct further research into the company's fundamentals before making any investment decisions.

How Does HRI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 17.1x 13.6x Currently, HRI is trading at a forward P/E of 17.1x, which is above its 5-year median P/E of 13.6x. This indicates that the stock is trading at a premium compared to its historical valuation. The P/E analysis aligns with the GF Value™ verdict, suggesting that while the stock is undervalued based on GF Value™, it is trading at a higher multiple than historical averages, indicating potential caution in valuation metrics.

What Does HRI's GF Score™ Tell Us? Metric Rating GF Score™ 84/100 Financial Strength 3/10 Profitability 8/10 Growth 9/10 Valuation 4/10 Momentum 7/10 The GF Score™ of 84/100 indicates that HRI has strong fundamentals, particularly in profitability (8/10) and growth (9/10). However, the financial strength score of 3/10 raises concerns about the company's stability and ability to weather economic downturns. The valuation rank of 4/10 highlights the potential risk associated with its current valuation, suggesting that while the company has strong growth and profitability metrics, its financial health may need improvement to support long-term investment.

What Are Insiders Doing with HRI Stock? In the last three months, insiders of Herc Holdings Inc have bought $0.4 million worth of shares, with no selling activity reported. This pattern of buying suggests that insiders are confident in the company's future performance and may believe that the current stock price presents a buying opportunity. Insider purchases are often viewed as a positive signal, indicating that those with the most knowledge about the company are optimistic about its prospects.

What This Means for Investors Based on the GF Value™ assessment, Herc Holdings Inc HRI is currently undervalued. However, investors should consider the company's financial strength and the slightly elevated P/E ratio compared to historical averages before making any investment decisions.

For the complete analysis, visit the Herc Holdings Inc HRI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is HRI's GF Score™?

HRI's GF Score™ is 84/100, indicating strong fundamentals and the potential for higher long-term returns based on key metrics.

Is HRI overvalued or undervalued?

HRI is currently undervalued, with a GF Value™ estimate of $168.31 compared to its current price of $121.46, representing a 27.8% margin of safety.

What is HRI's P/E ratio?

HRI has a forward P/E ratio of 17.1x, which is above its 5-year median P/E of 13.6x, suggesting that the stock is trading at a premium relative to its historical valuation.

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BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended March 31, 2026.

"The first quarter of 2026 marked a defining milestone for Herc Rentals as we successfully completed the integration of our H&E acquisition — the largest in the history of our industry — and we are already capturing the strategic benefits we anticipated: 25% more specialty locations, a stronger and deeper sales network, expanded share in local and regional accounts, and greater density in top metropolitan markets, where construction activity is most resilient. Financial performance in the first quarter was in line with our expectations and seasonal trends. While we expect performance to build as we move through the second half of 2026, the value of this combination will be realized over our three-year synergy plan, and we are executing against that roadmap with confidence,” said Larry Silber, chief executive officer.

"The demand environment remains constructive — local markets are stable and national account activity is strong, fueled by continued mega project growth. In this bifurcated market, our diversification, deep customer relationships, and superior project execution are clear differentiators. While we are mindful of broader macroeconomic uncertainties, including ongoing geopolitical tensions, we remain confident in our proven playbook: driving network efficiency through scale, delivering value through our broad product mix and expert solutions, accelerating customer efficiency and safety through ongoing enhancements to our ProControl platform, maintaining a sharp focus on productivity, and deploying capital with discipline. None of this is possible without the dedication and expertise of the Herc team, and I want to thank every one of our employees for their commitment to our customers and to each other as we continue to build the premier equipment rental company in North America," said Silber.

2026 First Quarter Financial Results

Total revenues increased 32% to $1,139 million compared to $861 million in the prior-year period. This year-over-year increase was driven by a 33% increase in equipment rental revenue resulting from the larger fleet size after the H&E acquisition and an increase in volume on mega projects. Sales of rental equipment increased by $33 million during the period to continue to align mix to customer demand. Dollar utilization was 36.4% in the first quarter down from 37.6% in the prior-year period primarily due to the higher mix of general rental fleet on rent year-over-year as a result of the H&E acquisition. Direct operating expenses were $453 million, or 46.2% of equipment rental revenue, compared to $327 million, or 44.2% in the prior-year period. Operating expenses as a percent of equipment rental revenue were elevated during the period primarily related to the impact of the H&E acquisition and related greenfields that take more time to mature. Depreciation of rental equipment increased 41% to $242 million due to higher year-over-year average fleet size primarily as a result of the H&E acquisition. Non-rental depreciation and amortization increased 121% to $73 million primarily due to amortization of acquisition intangibles, particularly the H&E customer relationship intangible asset, and an increase in non-rental asset depreciation resulting from the growth of the business. Selling, general and administrative expenses were $146 million, or 14.9% of equipment rental revenue compared to $118 million, or 16.0% of equipment rental revenue in the prior-year period. The decrease as a percent of equipment rental revenue primarily was related to continued focus on improving operating leverage, including acquisition cost synergies, while expanding revenues. Interest expense was $128 million compared with $62 million in the prior-year period, reflecting the new debt issued in June 2025 to fund the H&E acquisition. Net loss was $24 million, or $0.72 loss per diluted share, compared to a net loss of $18 million, or $0.63 loss per diluted share, in the prior-year period. Adjusted net income for the first quarter was $7 million, or $0.21 per diluted share, compared to $37 million, or $1.30 per diluted share, in the prior-year period. Adjusted EBITDA increased 33% to $448 million compared to $338 million in the prior-year period and adjusted EBITDA margin was flat year-over-year at 39.3%. Rental Fleet

Net rental equipment capital expenditures were as follows (in millions): Three Months Ended March 31,

2026

2025

Rental equipment expenditures

$

272

$

187

Proceeds from disposal of rental equipment

(117

)

(94

)

Net rental equipment capital expenditures

$

155

$

93

As of March 31, 2026, the Company's total fleet was approximately $9.4 billion at OEC. Average fleet at OEC in the first quarter increased 36% compared to the prior-year period. Average fleet age was 47 months as of March 31, 2026, unchanged from the comparable prior-year period. Disciplined Capital Management

The Company opened 3 previously planned greenfield locations in the first quarter of 2026. Net debt was $8.0 billion as of March 31, 2026, with net leverage of 3.96x1 compared to $4.0 billion and 2.53x in the same prior-year period. The increase resulted from debt issued to finance the H&E acquisition in June 2025. Cash and cash equivalents and unused commitments under the ABL Credit Facility contributed to approximately $1.9 billion of liquidity as of March 31, 2026. The Company declared its quarterly dividend of $0.70 and paid to shareholders of record as of February 18, 2026, on March 4, 2026. 2026 Outlook

The Company is affirming its full year 2026 equipment rental revenue, adjusted EBITDA, and gross and net rental capital expenditures guidance ranges.

As a leader in an industry where scale matters, the Company expects to continue to gain share by capturing an outsized position of the forecasted higher construction spending in 2026, investing in its fleet, optimizing its existing fleet, capitalizing on recent acquisitions and greenfield opportunities, and cross-selling a diversified product portfolio.

Earnings Call and Webcast Information

Herc Holdings' first quarter 2026 earnings webcast will be held today at 8:30 a.m. U.S. Eastern Time. Interested U.S. parties may call +1-800-715-9871 and international participants should call the country specific dial in numbers listed at https://registrations.events/directory/international/itfs.html, using the access code: 3991721. Please dial in at least 10 minutes before the call start time to ensure that you are connected to the call and to register your name and company.

Those who wish to listen to the live conference call and view the accompanying presentation slides should visit the Events and Presentations tab of the Investor Relations section of the Company's website at IR.HercRentals.com. The press release and presentation slides for the call will be posted to this section of the website prior to the call. A replay of the conference call will be available via webcast on the Company website at IR.HercRentals.com, where it will be archived for 12 months after the call.

About Herc Holdings Inc.

Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 609 locations across North America and 2025 total revenues were approximately $4.4 billion. We offer products, services and technologies aimed at helping customers work more efficiently, effectively and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, and compaction. Our Herc Rentals ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shoring equipment as well as our Herc Rentals ProContractor® professional grade tools. Our ProControl by Herc Rentals™ digital platform combines a seamless e-commerce experience with integrated project and fleet management tools, leveraging telematics and real-time analytics to help customers optimize productivity across their operations. We employ approximately 9,700 employees, who equip our customers and communities to build a brighter future. Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn.

All references to “Herc Holdings” or the “Company” in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.

Certain Additional Information

In this release we refer to the following operating measures:

Dollar utilization: calculated by dividing rental revenue (excluding re-rent, delivery, pick-up and other ancillary revenue) by the average OEC of the equipment fleet for the relevant time period, based on the guidelines of the American Rental Association (ARA). OEC: original equipment cost based on the guidelines of the ARA, which is calculated as the cost of the asset at the time it was first purchased plus additional capitalized refurbishment costs (with the basis of refurbished assets reset at the refurbishment date). Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," "looks," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and there can be no assurance that our current expectations will be achieved. You should not place undue reliance on the forward-looking statements. They are subject to future events, risks and uncertainties — many of which are beyond our control — as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected include, but are not limited to, the following: (1) the cyclical nature of our industry and our dependence on the levels of capital investment and maintenance expenditures by our customers; (2) the competitiveness of our industry, including the potential downward pricing pressures or the inability to increase prices; (3) our dependence on relationships with key suppliers; (4) our heavy reliance on communication networks, centralized information technology systems and third party technology and services and our ability to maintain, upgrade or replace our information technology systems; (5) our ability to respond adequately to changes in technology and customer demands; (6) our ability to attract and retain key management, sales and trades talent; (7) our rental fleet is subject to residual value risk upon disposition; (8) the impact of climate change and the legal and regulatory responses to such change; (9) our ability to execute our strategy to grow through strategic transactions; (10) our significant indebtedness; and (11) our ability to integrate the acquisition of H&E Equipment Services, Inc. into our business and our ability to realize all the anticipated benefits of the transaction. Further information on the risks that may affect our business is included in filings we make with the Securities and Exchange Commission from time to time, including our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and in our other SEC filings. We undertake no obligation to update or revise forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

Information Regarding Non-GAAP Financial Measures

In addition to results calculated according to accounting principles generally accepted in the United States (“GAAP”), the Company has provided certain information in this release that is not calculated according to GAAP (“non-GAAP”), such as EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted earnings per diluted common share and free cash flow. Management uses these non-GAAP measures to evaluate operating performance and period-over-period performance of our core business without regard to potential distortions, and believes that investors will likewise find these non-GAAP measures useful in evaluating the Company’s performance. These measures are frequently used by security analysts, institutional investors and other interested parties in the evaluation of companies in our industry. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to similarly titled measures of other companies. For the definitions of these terms, further information about management’s use of these measures as well as a reconciliation of these non-GAAP measures to the most comparable GAAP financial measures, please see the supplemental schedules that accompany this release.

HERC HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited
(In millions, except per share data)

Three Months Ended March 31,

2026

2025

Revenues:

Equipment rental

$

981

$

739

Sales of rental equipment

138

105

Sales of new equipment, parts and supplies

13

11

Service and other revenue

7

6

Total revenues

1,139

861

Expenses:

Direct operating

453

327

Depreciation of rental equipment

242

172

Cost of sales of rental equipment

109

76

Cost of sales of new equipment, parts and supplies

9

8

Selling, general and administrative

146

118

Transaction expenses

5

74

Non-rental depreciation and amortization

73

33

Interest expense, net

128

62

Other income, net

(3

)

(1

)

Total expenses

1,162

869

Loss before income taxes

(23

)

(8

)

Income tax provision

(1

)

(10

)

Net loss

$

(24

)

$

(18

)

Weighted average shares outstanding:

Basic

33.3

28.5

Diluted

33.3

28.5

Loss per share:

Basic

$

(0.72

)

$

(0.63

)

Diluted

$

(0.72

)

$

(0.63

)

HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)

March 31, 2026

December 31, 2025

ASSETS

Unaudited

Cash and cash equivalents

$

43

$

52

Receivables, net of allowances

760

769

Prepaid expenses

62

72

Other current assets

54

63

Total current assets

919

956

Rental equipment, net

5,737

5,880

Property and equipment, net

867

868

Right-of-use lease assets

1,509

1,489

Intangible assets, net

1,627

1,665

Goodwill

2,861

2,873

Other long-term assets

44

45

Total assets

$

13,564

$

13,776

LIABILITIES AND EQUITY

Current maturities of long-term debt and financing obligations

$

32

$

32

Current maturities of operating lease liabilities

57

56

Accounts payable

218

337

Accrued liabilities

321

305

Total current liabilities

628

730

Long-term debt, net

7,958

8,021

Financing obligations, net

94

95

Operating lease liabilities

1,502

1,479

Deferred tax liabilities

1,426

1,446

Other long-term liabilities

58

57

Total liabilities

11,666

11,828

Total equity

1,898

1,948

Total liabilities and equity

$

13,564

$

13,776

HERC HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited
(In millions)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net loss

$

(24

)

$

(18

)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation of rental equipment

242

172

Depreciation of property and equipment

32

22

Amortization of intangible assets

41

11

Amortization of deferred debt and financing obligations costs

3

1

Stock-based compensation charges

6

6

Provision for receivables allowances

25

14

Deferred taxes

(19

)

(29

)

Gain on sale of rental equipment

(29

)

(29

)

Other

3

—

Changes in assets and liabilities, net of effects from acquisitions:

Receivables

(11

)

20

Other assets

16

(20

)

Accounts payable

(44

)

(18

)

Accrued liabilities and other long-term liabilities

36

39

Net cash provided by operating activities

277

171

Cash flows from investing activities:

Rental equipment expenditures

(272

)

(187

)

Proceeds from disposal of rental equipment

117

94

Non-rental capital expenditures

(41

)

(33

)

Proceeds from disposal of property and equipment

13

4

Acquisitions, net of cash acquired

—

(11

)

Net cash used in investing activities

(183

)

(133

)

Cash flows from financing activities:

Proceeds from revolving lines of credit and securitization

571

520

Repayments on revolving lines of credit and securitization

(637

)

(561

)

Principal payments under finance lease and financing obligations

(8

)

(5

)

Dividends paid

(24

)

(21

)

Other financing activities, net

(5

)

(6

)

Net cash used in financing activities

(103

)

(73

)

Effect of foreign exchange rate changes on cash and cash equivalents

—

—

Net change in cash and cash equivalents during the period

(9

)

(35

)

Cash and cash equivalents at beginning of period

52

83

Cash and cash equivalents at end of period

$

43

$

48

HERC HOLDINGS INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
EBITDA AND ADJUSTED EBITDA RECONCILIATIONS
Unaudited
(In millions)

EBITDA and adjusted EBITDA — EBITDA represents the sum of net income (loss), provision (benefit) for income taxes, interest expense, net, depreciation of rental equipment and non-rental depreciation and amortization. Adjusted EBITDA represents EBITDA plus the sum of transaction expenses, restructuring and restructuring related charges, spin-off costs, non-cash stock-based compensation charges, loss on extinguishment of debt (which is included in interest expense, net), impairment charges, gain (loss) on the disposal of a business, impact of the fair value mark-up of acquired fleet, impact of the studio entertainment business and certain other items. EBITDA and adjusted EBITDA do not purport to be alternatives to net income as an indicator of operating performance. Additionally, neither measure purports to be an alternative to cash flows from operating activities as a measure of liquidity, as they do not consider certain cash requirements such as interest payments and tax payments.

Adjusted EBITDA Margin — Adjusted EBITDA Margin, calculated by dividing Adjusted EBITDA by Total Revenues, is a commonly used profitability ratio.

Three Months Ended March 31,

2026

2025

Net loss

$

(24

)

$

(18

)

Income tax provision

1

10

Interest expense, net

128

62

Depreciation of rental equipment

242

172

Non-rental depreciation and amortization

73

33

EBITDA

420

259

Non-cash stock-based compensation charges

6

6

Transaction expenses

5

74

Impact of the fair value mark-up of acquired fleet(1)

16

—

Other(2)

1

(1

)

Adjusted EBITDA

$

448

$

338

Total revenues

$

1,139

$

861

Adjusted EBITDA

$

448

$

338

Adjusted EBITDA margin

39.3

%

39.3

%

HERC HOLDINGS INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER DILUTED SHARE
Unaudited
(In millions)

Adjusted Net Income and Adjusted Earnings per Diluted Share — Adjusted Net Income represents the sum of net income (loss), transaction expenses, restructuring and restructuring related charges, spin-off costs, loss on extinguishment of debt, impairment charges, gain (loss) on the disposal of a business, merger related intangible asset amortization, impact on depreciation of acquired fleet, impact of the fair value mark-up of acquired fleet, income (loss) of the studio entertainment business, and certain other items. Adjusted Earnings per Diluted Share represents Adjusted Net Income divided by diluted shares outstanding. Adjusted Net Income and Adjusted Earnings per Diluted Share are important measures to evaluate our results of operations between periods on a more comparable basis and to help investors analyze underlying trends in our business, evaluate the performance of our business both on an absolute basis and relative to our peers and the broader market, and provide useful information to both management and investors by excluding certain items that may not be indicative of our core operating results and operational strength of our business.

Three Months Ended March 31,

2026

2025

Net loss

$

(24

)

$

(18

)

Transaction expenses

5

74

Merger related intangible asset amortization(1)

31

—

Impact on depreciation related to acquired fleet(2)

(12

)

(1

)

Impact of the fair value mark-up of acquired fleet(3)

16

—

Other(4)

1

—

Tax impact of adjustments above(5)

(10

)

(18

)

Adjusted net income

$

7

$

37

Diluted shares outstanding

33.4

28.5

Adjusted earnings per diluted share

$

0.21

$

1.30

HERC HOLDINGS INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
FREE CASH FLOW
Unaudited
(In millions)

Free cash flow represents net cash provided by (used in) operating activities less rental equipment expenditures and non-rental capital expenditures, plus proceeds from disposal of rental equipment, proceeds from disposal of property and equipment, and other investing activities. Free cash flow is used by management in analyzing the Company’s ability to service and repay its debt, fund potential acquisitions and to forecast future periods. However, this measure does not represent funds available for investment or other discretionary uses since it does not deduct cash used to service debt or for other non-discretionary expenditures.

Three Months Ended March 31,

2026

2025

Net cash provided by operating activities

$

277

$

171

Rental equipment expenditures

(272

)

(187

)

Proceeds from disposal of rental equipment

117

94

Net rental equipment expenditures

(155

)

(93

)

Non-rental capital expenditures

(41

)

(33

)

Proceeds from disposal of property and equipment

13

4

Free cash flow

$

94

$

49

Acquisitions, net of cash acquired

—

(11

)

Decrease in net debt, excluding financing activities

$

94

$

38

More News From Herc Holdings Inc.

Herc Holdings Inc. (HRI) Q1 2026 Earnings Call Transcript

D.A. Davidson and CO. raised its holdings in shares of Herc Holdings Inc. (NYSE: HRI) by 12.5% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,491 shares of the transportation company's stock after acquiring an additional 4,717 shares during the quarter.

Key Takeaways HRI beat Q1 estimates as revenues climbed 32% on higher equipment rental demand and H&E growth. Herc Holdings posted a 33% rise in adjusted EBITDA as rental revenues reached $981 million. HRI expects 2026 equipment rental revenues of $4.275B-$4.4B and EBITDA of up to $2.1B. Herc Holdings Inc. (HRI - Free Report) reported impressive first-quarter 2026 results wherein both earnings and revenues beat the Zacks Consensus Estimate.

The better-than-expected results had a positive impact on the market, as the stock has increased 1.5% since the earnings release on April 28, 2026.

Quarterly earnings per share of 21 cents outperformed the Zacks Consensus Estimate of a loss of $1.02 but declined 84% year over year. Revenues of $1.14 billion outpaced the Zacks Consensus Estimate of $1.01 billion and grew 32.3% year over year. The increase was driven by a 33% rise in equipment rental revenues, resulting from the larger fleet size after the H&E acquisition and higher volume from mega projects. 

HRI’s Segmental HighlightsThe equipment rental revenues of $981 million, accounting for 86% of total revenues, grew 32.8% year over year at the end of the first quarter of 2026. Sales of rental equipment increased 31.4% year over year to $138 million during the period, continuing to align the mix with customer demand.

Sales of new equipment, parts and supplies revenues totaled $13 million, increasing 18.2% year over year. Meanwhile, Service and other revenues grew 16.7% year over year to $7 million at the end of the March-end quarter.

Other Q1 Details of HRI Total operating expenses in the reported quarter increased by $293 million from the year-ago quarter to $1.6 billion.

Adjusted EBITDA increased 33% to $448 million compared with $338 million in the prior-year period, while adjusted EBITDA margin was flat year over year at 39.3%.

Herc Holdings exited the first quarter with cash and cash equivalents of $43 million compared with $52 million at 2025-end. Long-term debt was $7.96 billion compared with $8.02 billion at the prior-quarter end.

During the reported quarter, HRI declared a quarterly dividend of 70 cents per share payable to its shareholders of record as of Feb. 18, on March 4, 2026.

Remaining Aspects of HRI’s 2026 GuidanceFor full-year 2026, Herc Holdings expects Equipment rental revenues to range from $4.275-$4.4 billion. Adjusted EBITDA is expected to be in the band of $2-$2.1 billion.

Net rental equipment capital expenditures are anticipated to be between $500 million and $800 million and and Gross capex is expected in the range of $800 million to $1.1 billion.            

The H&E acquisition is expected to strengthen HRI’s market position through expanded specialty operations, enhanced sales capabilities and broader exposure to resilient metropolitan markets.

HRI’s Zacks RankCurrently, HRI has a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report)  reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis. Revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis. 

J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, reflecting a 2.8% rise.

Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% rise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenues per load in select highway-related businesses.

-

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers operating through Herc Rentals Inc. (“Herc Holdings,” “Herc Rentals” or the “Company”), today announced that its Board of Directors has declared the Company’s quarterly dividend of $0.70 per share.

The dividend is payable on June 12, 2026, to shareholders of record as of May 29, 2026.

About Herc Holdings Inc.

Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 609 locations across North America and 2025 total revenues were approximately $4.4 billion. We offer products, services and technologies aimed at helping customers work more efficiently, effectively and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, and compaction. Our Herc Rentals ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shoring equipment as well as our Herc Rentals ProContractor® professional grade tools. Our ProControl by Herc Rentals™ digital platform combines a seamless e-commerce experience with integrated project and fleet management tools, leveraging telematics and real-time analytics to help customers optimize productivity across their operations. We employ approximately 9,700 employees, who equip our customers and communities to build a brighter future. Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn.

All references to “Herc Holdings” or the “Company” in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, and the Private Securities Litigation Reform Act of 1995. Forward looking statements are generally identified by the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," "looks," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and there can be no assurance that our current expectations will be achieved. You should not place undue reliance on the forward-looking statements. They are subject to future events, risks and uncertainties - many of which are beyond our control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected include, but are not limited to, the following: (1) the cyclical nature of our industry and our dependence on the levels of capital investment and maintenance expenditures by our customers; (2) the competitiveness of our industry, including the potential downward pricing pressures or the inability to increase prices; (3) our dependence on relationships with key suppliers; (4) our heavy reliance on communication networks, centralized information technology systems and third party technology and services and our ability to maintain, upgrade or replace our information technology systems; (5) our ability to respond adequately to changes in technology and customer demands; (6) our ability to attract and retain key management, sales and trades talent; (7) our rental fleet is subject to residual value risk upon disposition; (8) the impact of climate change and the legal and regulatory responses to such change; (9) our ability to execute our strategy to grow through strategic transactions; (10) our significant indebtedness; and (11) our ability to integrate the acquisition of H&E Equipment Services, Inc. into our business and our ability to realize the anticipated benefits of the transaction. Further information on the risks that may affect our business is included in filings we make with the Securities and Exchange Commission from time to time, including our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and in our other SEC filings. We undertake no obligation to update or revise forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

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