Research Analysts Offer Predictions for Herc Holdings Inc’s Q1 2018 Earnings (HRI)

Herc Holdings Inc (NYSE:HRI) – Stock analysts at KeyCorp reduced their Q1 2018 earnings per share estimates for shares of Herc in a report issued on Tuesday. KeyCorp analyst J. Box now anticipates that the transportation company will post earnings of ($0.75) per share for the quarter, down from their previous estimate of ($0.65). KeyCorp currently has a “Buy” rating and a $68.00 target price on the stock. KeyCorp also issued estimates for Herc’s Q2 2018 earnings at $0.10 EPS and FY2019 earnings at $1.89 EPS.

Several other analysts also recently weighed in on HRI. Zacks Investment Research upgraded Herc from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 4th. Buckingham Research started coverage on Herc in a research note on Tuesday, November 21st. They set a “neutral” rating and a $55.00 target price for the company. Barclays started coverage on Herc in a research note on Tuesday, December 12th. They set an “overweight” rating and a $70.00 target price for the company. Finally, Northcoast Research restated a “neutral” rating on shares of Herc in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.67.

Shares of Herc (HRI) opened at $65.62 on Friday. 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 has a 52 week low of $33.27 and a 52 week high of $65.93.

Herc (NYSE:HRI) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. The company had revenue of $457.60 million during the quarter, compared to the consensus estimate of $422.31 million. Herc had a negative return on equity of 6.63% and a negative net margin of 4.08%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Herc by 4.9% during the second quarter. Vanguard Group Inc. now owns 2,007,460 shares of the transportation company’s stock worth $78,933,000 after purchasing an additional 93,761 shares during the last quarter. Royce & Associates LP lifted its position in shares of Herc by 12.6% during the third quarter. Royce & Associates LP now owns 452,868 shares of the transportation company’s stock worth $22,249,000 after purchasing an additional 50,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Herc by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 871,524 shares of the transportation company’s stock worth $34,268,000 after purchasing an additional 84,502 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Herc by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 240,316 shares of the transportation company’s stock worth $11,807,000 after purchasing an additional 12,007 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Herc by 0.3% during the third quarter. Gabelli Funds LLC now owns 1,254,609 shares of the transportation company’s stock worth $61,639,000 after purchasing an additional 3,300 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Jean K. Holley purchased 1,400 shares of Herc stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $54.78 per share, with a total value of $76,692.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

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About Herc

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.

Earnings History and Estimates for Herc (NYSE:HRI)

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