Brokerages forecast that Herc Holdings Inc. (NYSE:HRI) will post ($0.68) earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Herc’s earnings, with the lowest EPS estimate coming in at ($0.74) and the highest estimate coming in at ($0.62). Herc reported earnings of ($1.10) per share in the same quarter last year, which would indicate a positive year over year growth rate of 38.2%. The company is expected to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Herc will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.58 to $1.25. For the next financial year, analysts expect that the firm will post earnings of $1.65 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Herc.
Herc (NYSE:HRI) last issued its earnings results on Wednesday, February 28th. The transportation company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). Herc had a negative return on equity of 0.88% and a net margin of 9.14%. The firm had revenue of $491.70 million during the quarter, compared to analysts’ expectations of $447.86 million. During the same period in the previous year, the firm earned ($0.49) earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new stake in shares of Herc during the 4th quarter valued at $106,000. Amalgamated Bank bought a new stake in shares of Herc during the 4th quarter valued at $207,000. Virtu Financial LLC bought a new stake in shares of Herc during the 4th quarter valued at $209,000. Boothbay Fund Management LLC bought a new stake in shares of Herc during the 3rd quarter valued at $218,000. Finally, Invictus RG bought a new stake in shares of Herc during the 4th quarter valued at $265,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Shares of NYSE HRI opened at $62.31 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.55 and a debt-to-equity ratio of 4.41. Herc has a 52 week low of $33.27 and a 52 week high of $72.99. The firm has a market capitalization of $1,841.69, a P/E ratio of -194.72 and a beta of 2.35.
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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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