Herc Holdings Inc. (NYSE:HRI) Expected to Announce Earnings of $0.29 Per Share

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Analysts predict that Herc Holdings Inc. (NYSE:HRI) will announce $0.29 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Herc’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.20. Herc reported earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 3,000%. The company is scheduled to report its next earnings report before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that Herc will report full-year earnings of $3.21 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.54. For the next fiscal year, analysts forecast that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.30 to $4.56. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Herc.

Herc (NYSE:HRI) last posted its quarterly earnings data on Thursday, May 2nd. The transportation company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Herc had a net margin of 3.59% and a return on equity of 12.16%. The company had revenue of $475.70 million during the quarter, compared to analyst estimates of $455.90 million. During the same period in the prior year, the firm earned ($0.36) earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis.

A number of research firms recently commented on HRI. Bank of America dropped their price objective on Micron Technology from $50.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. TheStreet downgraded The Providence Service from a “b-” rating to a “c+” rating in a report on Friday, June 28th. Longbow Research began coverage on H&E Equipment Services in a report on Friday, March 29th. They issued a “buy” rating and a $34.00 price objective on the stock. Finally, ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $53.50.

Shares of NYSE HRI traded down $0.06 during mid-day trading on Wednesday, reaching $40.26. The company had a trading volume of 4,010 shares, compared to its average volume of 225,112. The business has a fifty day simple moving average of $41.93. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $1.17 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 0.41 and a beta of 3.33. Herc has a 12-month low of $24.16 and a 12-month high of $60.66.

Hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc grew its holdings in Herc by 115.4% during the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Herc in the first quarter worth $173,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Herc by 359.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,803 shares of the transportation company’s stock worth $203,000 after acquiring an additional 6,106 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC acquired a new stake in shares of Herc in the first quarter worth $292,000. Finally, Bank of Montreal Can grew its stake in shares of Herc by 340.4% in the first quarter. Bank of Montreal Can now owns 7,658 shares of the transportation company’s stock worth $299,000 after acquiring an additional 5,919 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

About Herc

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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