Herc Holdings Inc. (NYSE:HRI) – Research analysts at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of Herc Holdings in a note issued to investors on Tuesday. KeyCorp analyst J. Box now expects that the transportation company will earn $0.23 per share for the quarter, down from their previous forecast of $0.31. KeyCorp also issued estimates for Herc Holdings’ Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $0.38 EPS and FY2019 earnings at $1.07 EPS.
Several other equities analysts have also recently weighed in on HRI. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price target on shares of Herc Holdings in a research report on Thursday, April 13th. Zacks Investment Research raised shares of Herc Holdings from a “sell” rating to a “hold” rating and set a $52.00 price target on the stock in a research report on Wednesday, May 3rd. Sidoti cut shares of Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. ValuEngine raised shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, MKM Partners reissued a “buy” rating and set a $22.00 target price on shares of Herc Holdings in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.00.
Herc Holdings (NYSE:HRI) opened at 38.74 on Thursday. The firm’s 50-day moving average price is $42.62 and its 200-day moving average price is $44.61. Herc Holdings has a 12 month low of $28.66 and a 12 month high of $52.96. The firm’s market cap is $1.10 billion.
Herc Holdings (NYSE:HRI) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.25. The business had revenue of $416 million for the quarter, compared to the consensus estimate of $397 million. Herc Holdings had a negative return on equity of 9.08% and a negative net margin of 4.82%. Herc Holdings’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.28) earnings per share.
In other news, COO James Bruce Dressel bought 5,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were purchased at an average price of $35.61 per share, with a total value of $178,050.00. Following the transaction, the chief operating officer now directly owns 38,902 shares in the company, valued at $1,385,300.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Herc Holdings during the fourth quarter valued at approximately $343,000. Guggenheim Capital LLC purchased a new position in Herc Holdings during the fourth quarter valued at approximately $330,000. Norges Bank purchased a new position in Herc Holdings during the fourth quarter valued at approximately $7,844,000. Private Bank & Trust Co. purchased a new position in Herc Holdings during the first quarter valued at approximately $330,000. Finally, Feltz Wealth PLAN Inc. purchased a new position in Herc Holdings during the first quarter valued at approximately $1,086,000. 96.41% of the stock is currently owned by hedge funds and other institutional investors.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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