Herc Holdings Inc. (HRI) Expected to Post Earnings of -$0.68 Per Share

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.

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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.

Several analysts recently weighed in on the stock. Northcoast Research reiterated a “hold” rating on shares of Herc in a report on Tuesday, March 6th. Barclays lifted their price target on shares of Herc from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Royal Bank of Canada assumed coverage on shares of Herc in a report on Friday, February 2nd. They issued an “outperform” rating and a $79.00 price target on the stock. KeyCorp reiterated a “buy” rating and issued a $68.00 price target on shares of Herc in a report on Monday, December 18th. Finally, Zacks Investment Research cut shares of Herc from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

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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Earnings History and Estimates for Herc (NYSE:HRI)

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