Equities analysts expect Herc Holdings Inc. (NYSE:HRI) to post earnings of $0.89 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Herc’s earnings. Herc reported earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 89.4%. The business is expected to report its next earnings results on Wednesday, February 27th.
On average, analysts expect that Herc will report full-year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.55. For the next year, analysts forecast that the business will post earnings of $2.36 per share, with EPS estimates ranging from $1.72 to $3.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Herc.
Herc (NYSE:HRI) last issued its earnings results on Thursday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.67. The business had revenue of $516.20 million during the quarter, compared to the consensus estimate of $499.86 million. Herc had a return on equity of 9.58% and a net margin of 12.99%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS.
Several equities analysts recently weighed in on HRI shares. Royal Bank of Canada dropped their price objective on Herc to $60.00 and set an “outperform” rating for the company in a research note on Friday, November 9th. Barclays set a $60.00 price objective on Herc and gave the company a “buy” rating in a research note on Friday, November 9th. Northcoast Research raised Herc from a “neutral” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, October 22nd. They noted that the move was a valuation call. ValuEngine downgraded Herc from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research downgraded Herc from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.14.
In other news, Director Herbert L. Henkel bought 10,000 shares of Herc stock in a transaction that occurred on Tuesday, November 27th. The shares were purchased at an average price of $34.68 per share, for a total transaction of $346,800.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $346,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of HRI. Tower Research Capital LLC TRC acquired a new position in Herc in the second quarter valued at $118,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in Herc by 138.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 2,081 shares during the last quarter. Natixis acquired a new position in Herc in the second quarter valued at $203,000. Sun Life Financial INC acquired a new position in Herc in the second quarter valued at $213,000. Finally, Prudential Financial Inc. acquired a new position in Herc in the third quarter valued at $215,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.
Shares of HRI stock opened at $35.56 on Friday. The company has a market cap of $1.02 billion, a PE ratio of -111.13 and a beta of 2.73. Herc has a 12-month low of $30.60 and a 12-month high of $72.99. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 4.22.
Herc Company Profile
Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.
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