Herc Holdings Inc. (HRI) Expected to Announce Earnings of $0.20 Per Share

Wall Street brokerages expect Herc Holdings Inc. (NYSE:HRI) to announce earnings per share of $0.20 for the current quarter, according to Zacks. Zero analysts have made estimates for Herc’s earnings. Herc reported earnings per share of ($0.01) during the same quarter last year, which would suggest a positive year over year growth rate of 2,100%. The business is expected to issue its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Herc will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.40. For the next year, analysts expect that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.30 to $4.25. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Herc.

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



A number of analysts have weighed in on HRI shares. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. ValuEngine cut Herc from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. TheStreet raised Herc from a “d+” rating to a “c-” rating in a research report on Thursday, February 28th. Finally, Longbow Research initiated coverage on Herc in a research report on Friday, March 29th. They set a “buy” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $56.83.

Several hedge funds and other institutional investors have recently bought and sold shares of HRI. First Mercantile Trust Co. increased its stake in Herc by 13.1% during the fourth quarter. First Mercantile Trust Co. now owns 4,975 shares of the transportation company’s stock valued at $129,000 after acquiring an additional 575 shares during the period. Pearl River Capital LLC bought a new position in Herc during the fourth quarter valued at about $25,000. Swiss National Bank increased its stake in Herc by 3.4% during the first quarter. Swiss National Bank now owns 39,046 shares of the transportation company’s stock valued at $1,522,000 after acquiring an additional 1,300 shares during the period. NumerixS Investment Technologies Inc increased its stake 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 acquiring an additional 1,500 shares during the period. Finally, Northern Trust Corp increased its stake in Herc by 0.6% during the first quarter. Northern Trust Corp now owns 300,387 shares of the transportation company’s stock valued at $11,709,000 after acquiring an additional 1,686 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HRI traded up $0.81 during mid-day trading on Thursday, hitting $40.36. The company had a trading volume of 4,146 shares, compared to its average volume of 231,501. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 23.96 and a beta of 3.11. Herc has a 12 month low of $24.16 and a 12 month high of $62.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.02.

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.

Read More: Understanding Analyst Recommendations

Get a free copy of the Zacks research report on Herc (HRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.