Herc Holdings Inc. (NYSE:HRI) – Research analysts at KeyCorp boosted their Q4 2017 earnings per share estimates for shares of Herc Holdings in a research note issued to investors on Wednesday. KeyCorp analyst J. Box now anticipates that the transportation company will earn $0.15 per share for the quarter, up from their previous estimate of ($0.04). KeyCorp also issued estimates for Herc Holdings’ Q1 2018 earnings at ($0.65) EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.71 EPS, FY2018 earnings at $0.69 EPS and FY2019 earnings at $1.63 EPS.
Several other equities research analysts have also commented on HRI. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.71.
Shares of Herc Holdings (HRI) opened at $53.85 on Monday. Herc Holdings has a twelve month low of $33.27 and a twelve month high of $57.64. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Herc Holdings had a negative net margin of 4.08% and a negative return on equity of 6.63%. The company had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Herc Holdings in the 2nd quarter valued at about $183,000. Fox Run Management L.L.C. bought a new stake in shares of Herc Holdings in the 3rd quarter valued at about $201,000. Trexquant Investment LP purchased a new position in shares of Herc Holdings in the 2nd quarter worth approximately $229,000. Eqis Capital Management Inc. purchased a new position in shares of Herc Holdings in the 3rd quarter worth approximately $286,000. Finally, Private Advisor Group LLC grew its position in shares of Herc Holdings by 3.8% in the 2nd quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after buying an additional 288 shares during the last quarter.
About Herc Holdings
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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