Brokerages Expect Herc Holdings Inc. (NYSE:HRI) Will Announce Earnings of $0.25 Per Share


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Equities analysts expect Herc Holdings Inc. (NYSE:HRI) to report earnings per share (EPS) of $0.25 for the current quarter, Zacks reports. Two analysts have made estimates for Herc’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.33. Herc reported earnings of $0.04 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 525%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, April 22nd.

On average, analysts expect that Herc will report full-year earnings of $4.37 per share for the current fiscal year, with EPS estimates ranging from $4.31 to $4.46. For the next fiscal year, analysts forecast that the company will report earnings of $5.58 per share, with EPS estimates ranging from $5.00 to $5.91. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Herc.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, February 18th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.34. The company had revenue of $520.40 million for the quarter, compared to analyst estimates of $483.75 million. Herc had a return on equity of 13.48% and a net margin of 4.07%.

A number of research analysts have recently weighed in on HRI shares. Robert W. Baird increased their price target on Herc from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, February 18th. Redburn Partners started coverage on Herc in a research note on Wednesday, February 24th. They issued a “buy” rating on the stock. KeyCorp increased their price target on Herc from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. Northcoast Research reissued a “neutral” rating on shares of Herc in a research note on Tuesday, March 16th. Finally, Barclays increased their price target on Herc from $80.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, March 22nd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.67.

NYSE:HRI traded up $0.49 during trading hours on Friday, hitting $96.55. 1,618 shares of the stock were exchanged, compared to its average volume of 228,410. The company’s 50 day moving average is $92.98 and its two-hundred day moving average is $66.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $2.84 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.64 and a beta of 3.22. Herc has a twelve month low of $18.00 and a twelve month high of $110.03.

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in Herc by 40,000.0% during the 4th quarter. IFP Advisors Inc now owns 401 shares of the transportation company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Herc during the 4th quarter worth about $30,000. Bessemer Group Inc. bought a new position in Herc during the 4th quarter worth about $33,000. Jacobi Capital Management LLC increased its holdings in Herc by 987.9% during the 4th quarter. Jacobi Capital Management LLC now owns 718 shares of the transportation company’s stock worth $48,000 after purchasing an additional 652 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Herc by 1,702.4% during the 4th quarter. US Bancorp DE now owns 739 shares of the transportation company’s stock worth $49,000 after purchasing an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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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Earnings History and Estimates for Herc (NYSE:HRI)

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