Herc Holdings Inc. (HRI) Scheduled to Post Earnings on Wednesday
Herc Holdings Inc. (NYSE:HRI) will be releasing its earnings data before the market opens on Wednesday, November 8th. Analysts expect Herc Holdings to post earnings of $0.15 per share for the quarter.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.25. The company had revenue of $416.00 million for the quarter, compared to analyst estimates of $397.00 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted ($0.28) EPS. On average, analysts expect Herc Holdings to post $-0.55 EPS for the current fiscal year and $0.41 EPS for the next fiscal year.
Shares of Herc Holdings Inc. (HRI) opened at 48.46 on Wednesday. The firm’s market capitalization is $1.37 billion. The firm has a 50-day moving average of $48.13 and a 200 day moving average of $43.26. Herc Holdings Inc. has a 52-week low of $28.66 and a 52-week high of $52.96.
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In related news, major shareholder Carl C. Icahn bought 109,249 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $38.95 per share, with a total value of $4,255,248.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James Bruce Dressel bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the acquisition, the chief operating officer now directly owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, October 4th. ValuEngine upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, MKM Partners reiterated a “buy” rating and set a $22.00 price objective on shares of Herc Holdings in a research note on Friday, July 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Herc Holdings has a consensus rating of “Hold” and an average target price of $45.71.
Herc Holdings Company Profile
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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