RSC Holdings Raises Guidance, Hits 52-Week High (RRR)

Shares of RSC Holdings Inc. RRR are trading up 10.2% at $12.52 per share during the Thursday morning trading session. The company raised its 4th quarter total revenue guidance to the range of $337 to $340 million, up from the previous forecast in the range of $320 to $335 million. President and chief executive officer Erik Olsson said, “We saw a very strong finish to 2010, with solid execution coupled with increasing rental penetration producing results above our expectations. I am very pleased that our industrial focus and national account strategy in combination with our consistent investment in fleet, footprint, people and technology drove 20% year over year volume growth while we at the same time increased rental rates nearly 1% sequentially.” The day's trading range for shares of RSC Holdings Inc has been between $11.42 and a 52-week high of $12.60 per share. Analysts covering RSC Holdings Inc. (RRR) stock give it a consensus price target of $11.25 per share. Trading volume for RSC Holdings Inc has been heavier than usual, with 912,000 shares having been traded today, already well above the daily average volume of 516,000 shares. RSC Holdings Inc, based in Scottsdale, Arizona, is the holding company for the operating entity RSC Equipment Rental, Inc., which is a premier provider of rental equipment in North America, servicing the industrial, maintenance and non-residential construction markets with $2.4 billion of equipment at original cost Read more from Benzinga's Company news.