Equities research analysts forecast that Herc Holdings Inc. (NYSE:HRI) will post $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Herc’s earnings. Herc posted earnings per share of $0.06 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is expected to issue its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Herc will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.40. For the next year, analysts expect that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.10 to $2.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Herc.
Get Herc alerts:Herc (NYSE:HRI) last posted its quarterly earnings results on Wednesday, May 9th. The transportation company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.32. Herc had a net margin of 10.54% and a return on equity of 4.61%. The company had revenue of $431.30 million for the quarter, compared to the consensus estimate of $443.36 million. During the same period last year, the company posted ($1.39) EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year.
A number of research firms have recently weighed in on HRI. ValuEngine downgraded shares of Herc from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Zacks Investment Research upgraded shares of Herc from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, May 15th. Finally, Goldman Sachs Group downgraded shares of Herc from a “neutral” rating to a “sell” rating and set a $43.00 price target on the stock. in a research note on Thursday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $57.86.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Herc by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,578,622 shares of the transportation company’s stock worth $98,837,000 after buying an additional 19,864 shares during the period. Dimensional Fund Advisors LP boosted its position in Herc by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 910,632 shares of the transportation company’s stock worth $59,146,000 after buying an additional 6,218 shares during the period. Millennium Management LLC acquired a new stake in Herc during the 4th quarter worth approximately $22,432,000. Geode Capital Management LLC boosted its position in Herc by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 222,064 shares of the transportation company’s stock worth $13,903,000 after buying an additional 6,731 shares during the period. Finally, Hood River Capital Management LLC boosted its position in Herc by 1.2% during the 1st quarter. Hood River Capital Management LLC now owns 210,716 shares of the transportation company’s stock worth $13,686,000 after buying an additional 2,480 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.
Shares of HRI traded up $0.39 during mid-day trading on Monday, reaching $57.05. The company had a trading volume of 88,570 shares, compared to its average volume of 252,933. Herc has a 1-year low of $35.89 and a 1-year high of $72.99. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 4.33. The company has a market cap of $1.61 billion, a P/E ratio of -178.28 and a beta of 2.36.
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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