Brokers Set Expectations for Herc Holdings Inc.’s Q3 2016 Earnings (HRI)
Herc Holdings Inc. (NYSE:HRI) – Investment analysts at KeyCorp decreased their Q3 2016 earnings per share estimates for Herc Holdings in a research report issued on Sunday. KeyCorp analyst J. Box now expects that the firm will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.22. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Herc Holdings’ FY2016 earnings at $0.17 EPS, Q3 2017 earnings at $0.48 EPS and FY2017 earnings at $0.82 EPS.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. Herc Holdings had a return on equity of 11.95% and a net margin of 3.07%. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. The company’s quarterly revenue was down 10.0% compared to the same quarter last year.
Several other research firms have also recently weighed in on HRI. Zacks Investment Research cut Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 6th. Barclays PLC assumed coverage on Herc Holdings in a report on Monday, August 15th. They issued an “equal weight” rating and a $34.00 price objective for the company. Finally, Longbow Research assumed coverage on Herc Holdings in a report on Thursday, July 7th. They issued a “neutral” rating for the company.
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Shares of Herc Holdings (NYSE:HRI) traded down 3.13% during midday trading on Tuesday, reaching $32.80. The company had a trading volume of 103,908 shares. The company has a market capitalization of $928.57 million, a P/E ratio of 10.95 and a beta of 2.32. The company has a 50-day moving average price of $33.66 and a 200 day moving average price of $31.25. Herc Holdings has a one year low of $20.85 and a one year high of $60.15.
In other news, Director James H. Browning bought 1,500 shares of the stock in a transaction dated Friday, August 12th. The stock was bought at an average price of $32.94 per share, for a total transaction of $49,410.00. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $49,410. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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