Q3 2017 EPS Estimates for Herc Holdings Inc. (HRI) Cut by Analyst
Herc Holdings Inc. (NYSE:HRI) – Northcoast Research dropped their Q3 2017 earnings estimates for shares of Herc Holdings in a report released on Monday. Northcoast Research analyst J. Healy now expects that the transportation company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.53. Northcoast Research also issued estimates for Herc Holdings’ FY2017 earnings at ($0.55) EPS.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. The firm had revenue of $416 million for the quarter, compared to analysts’ expectations of $397 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) EPS.
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Several other brokerages have also recently commented on HRI. Zacks Investment Research raised shares of Herc Holdings from a “sell” rating to a “hold” rating and set a $52.00 price target on the stock in a research report on Wednesday, May 3rd. MKM Partners reaffirmed a “buy” rating and set a $22.00 price target on shares of Herc Holdings in a research report on Friday, July 7th. ValuEngine raised shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Sidoti cut shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.00.
Herc Holdings (NYSE:HRI) opened at 39.65 on Wednesday. The company has a 50-day moving average price of $42.88 and a 200 day moving average price of $44.40. The firm’s market cap is $1.12 billion. Herc Holdings has a 12 month low of $28.66 and a 12 month high of $52.96.
A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Herc Holdings by 3.8% in the second quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock valued at $323,000 after buying an additional 288 shares during the last quarter. Hosking Partners LLP raised its stake in shares of Herc Holdings by 1.8% in the second quarter. Hosking Partners LLP now owns 17,967 shares of the transportation company’s stock valued at $706,000 after buying an additional 311 shares during the last quarter. Three Peaks Capital Management LLC raised its stake in shares of Herc Holdings by 2.0% in the first quarter. Three Peaks Capital Management LLC now owns 40,800 shares of the transportation company’s stock valued at $1,995,000 after buying an additional 800 shares during the last quarter. Teton Advisors Inc. raised its stake in shares of Herc Holdings by 12.0% in the second quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock valued at $550,000 after buying an additional 1,500 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Herc Holdings by 4.2% in the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock valued at $1,933,000 after buying an additional 1,600 shares during the last quarter. 99.74% of the stock is currently owned by hedge funds and other institutional investors.
In other Herc Holdings news, major shareholder Carl C. Icahn bought 109,249 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $38.95 per share, with a total value of $4,255,248.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Bruce Dressel bought 5,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was acquired at an average cost of $35.61 per share, for a total transaction of $178,050.00. Following the acquisition, the chief operating officer now directly owns 38,902 shares of the company’s stock, valued at $1,385,300.22. The disclosure for this purchase can be found here. Insiders acquired 116,749 shares of company stock worth $4,530,849 in the last three months. 0.12% of the stock is currently owned by corporate 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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