Northcoast Research Weighs in on Herc Holdings Inc.’s Q3 2018 Earnings (HRI)

Herc Holdings Inc. (NYSE:HRI) – Analysts at Northcoast Research boosted their Q3 2018 earnings per share (EPS) estimates for Herc in a note issued to investors on Thursday, August 9th. Northcoast Research analyst J. Healy now expects that the transportation company will post earnings per share of $0.93 for the quarter, up from their prior forecast of $0.80. Northcoast Research also issued estimates for Herc’s Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $1.36 EPS and FY2019 earnings at $2.15 EPS.

Herc (NYSE:HRI) last announced its earnings results on Wednesday, August 8th. The transportation company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). Herc had a return on equity of 3.55% and a net margin of 11.61%. The company had revenue of $485.50 million during the quarter, compared to the consensus estimate of $462.50 million. During the same period in the prior year, the business posted $0.06 earnings per share. Herc’s revenue for the quarter was up 16.8% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. ValuEngine raised Herc from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Buckingham Research raised Herc from a “neutral” rating to a “buy” rating and raised their target price for the stock from $67.00 to $70.00 in a report on Friday, July 13th. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Goldman Sachs Group cut Herc from a “neutral” rating to a “sell” rating and set a $43.00 price target on the stock. in a report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Herc presently has a consensus rating of “Hold” and a consensus target price of $66.33.

Shares of Herc stock opened at $51.18 on Monday. Herc has a one year low of $35.89 and a one year high of $72.99. The firm has a market capitalization of $1.49 billion, a P/E ratio of -159.94 and a beta of 2.38. The company has a current ratio of 0.84, a quick ratio of 1.00 and a debt-to-equity ratio of 4.48.

A number of large investors have recently bought and sold shares of HRI. Renaissance Technologies LLC bought a new stake in Herc during the fourth quarter valued at about $2,592,000. Macquarie Group Ltd. bought a new stake in Herc during the fourth quarter valued at about $106,000. MetLife Investment Advisors LLC bought a new stake in Herc during the fourth quarter valued at about $725,000. Global X Management Co. LLC raised its holdings in Herc by 174.2% during the first quarter. Global X Management Co. LLC now owns 4,318 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 2,743 shares during the period. Finally, Cohen Capital Management Inc. bought a new stake in Herc during the first quarter valued at about $2,671,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Herc (NYSE:HRI)

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