Zacks: Brokerages Anticipate Herc Holdings Inc. (NYSE:HRI) to Post $1.69 Earnings Per Share

Equities analysts expect that Herc Holdings Inc. (NYSE:HRI) will post $1.69 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Herc’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.90. Herc posted earnings per share of $0.95 during the same quarter last year, which suggests a positive year over year growth rate of 77.9%. The business is expected to report its next quarterly earnings report on Thursday, February 27th.

On average, analysts expect that Herc will report full-year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.49. For the next year, analysts forecast that the company will report earnings of $4.46 per share, with EPS estimates ranging from $4.34 to $4.60. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Herc.

Herc (NYSE:HRI) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.31). The firm had revenue of $508.10 million for the quarter, compared to analyst estimates of $539.18 million. Herc had a net margin of 2.28% and a return on equity of 12.70%. Herc’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 EPS.

A number of analysts recently issued reports on HRI shares. Goldman Sachs Group raised Herc from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $60.00 in a research report on Friday, September 20th. Buckingham Research set a $70.00 price objective on Herc and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America cut Herc from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, September 26th. Zacks Investment Research cut Herc from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, ValuEngine cut Herc from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Herc presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Several large investors have recently made changes to their positions in HRI. First Trust Advisors LP lifted its position in shares of Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock worth $3,191,000 after buying an additional 39,880 shares during the last quarter. Manchester Financial Inc. acquired a new position in shares of Herc during the 2nd quarter worth about $229,000. Boston Advisors LLC acquired a new position in shares of Herc during the 2nd quarter worth about $1,131,000. Aperio Group LLC lifted its position in shares of Herc by 10.8% during the 2nd quarter. Aperio Group LLC now owns 10,812 shares of the transportation company’s stock worth $495,000 after purchasing an additional 1,056 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Herc during the 2nd quarter worth about $153,000. 93.00% of the stock is owned by institutional investors.

HRI opened at $49.86 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.69 and a beta of 3.39. Herc has a 1 year low of $24.16 and a 1 year high of $50.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.10. The stock has a fifty day moving average price of $45.38 and a 200 day moving average price of $43.03.

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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