Analysts predict that Herc Holdings Inc. (NYSE:HRI) will post ($0.19) earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Herc’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.12). Herc reported earnings per share of ($0.23) during the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The company is expected to issue its next quarterly earnings results on Thursday, May 7th.
According to Zacks, analysts expect that Herc will report full-year earnings of $3.09 per share for the current year, with EPS estimates ranging from $2.73 to $3.45. For the next financial year, analysts forecast that the business will post earnings of $3.39 per share, with EPS estimates ranging from $2.92 to $3.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Herc.
Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, February 27th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.36). The firm had revenue of $540.10 million during the quarter, compared to the consensus estimate of $550.41 million. Herc had a net margin of 2.38% and a return on equity of 14.26%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share.
A number of analysts have weighed in on the stock. ValuEngine lowered shares of Herc from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Goldman Sachs Group cut their target price on shares of Herc from $60.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Zacks Investment Research lowered shares of Herc from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 18th. Finally, TheStreet lowered shares of Herc from a “c” rating to a “d+” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.00.
Shares of NYSE:HRI opened at $22.68 on Tuesday. Herc has a 1 year low of $11.81 and a 1 year high of $50.81. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $654.26 million, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 5.39 and a beta of 3.13. The company’s 50 day simple moving average is $33.12 and its 200 day simple moving average is $43.04.
Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Herc by 911.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 847,670 shares of the transportation company’s stock worth $41,485,000 after purchasing an additional 763,889 shares during the period. Renaissance Technologies LLC lifted its holdings in Herc by 24.0% in the fourth quarter. Renaissance Technologies LLC now owns 839,800 shares of the transportation company’s stock valued at $41,100,000 after buying an additional 162,800 shares during the period. State Street Corp lifted its holdings in Herc by 0.4% in the fourth quarter. State Street Corp now owns 526,726 shares of the transportation company’s stock valued at $25,778,000 after buying an additional 2,299 shares during the period. Prudential Financial Inc. lifted its holdings in Herc by 9.6% in the fourth quarter. Prudential Financial Inc. now owns 387,976 shares of the transportation company’s stock valued at $18,988,000 after buying an additional 34,070 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Herc by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 333,860 shares of the transportation company’s stock valued at $16,338,000 after buying an additional 11,454 shares during the period. Institutional investors own 96.80% of the company’s stock.
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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