Q1 Earnings Forecast for Herc Issued By KeyCorp (NYSE:HRI)

Herc Holdings Inc. (NYSE:HRI) – Investment analysts at KeyCorp lowered their Q1 2026 earnings per share (EPS) estimates for Herc in a note issued to investors on Tuesday, February 17th. KeyCorp analyst K. Newman now expects that the transportation company will post earnings of $0.86 per share for the quarter, down from their previous estimate of $1.06. KeyCorp has a “Overweight” rating and a $190.00 price objective on the stock. The consensus estimate for Herc’s current full-year earnings is $12.84 per share. KeyCorp also issued estimates for Herc’s Q3 2026 earnings at $2.85 EPS, Q4 2026 earnings at $2.47 EPS and FY2026 earnings at $7.96 EPS.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.Herc’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.58 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Herc from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Citigroup reduced their target price on Herc from $195.00 to $185.00 and set a “buy” rating for the company in a report on Thursday. Barclays boosted their price target on Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company increased their price objective on Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.29.

Herc Stock Down 2.4%

NYSE:HRI opened at $143.61 on Friday. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.22 and a current ratio of 1.31. The firm has a market cap of $4.79 billion, a P/E ratio of -797.83, a P/E/G ratio of 1.37 and a beta of 1.77. Herc has a fifty-two week low of $96.18 and a fifty-two week high of $188.35. The firm has a 50-day simple moving average of $159.83 and a two-hundred day simple moving average of $139.90.

Hedge Funds Weigh In On Herc

A number of institutional investors and hedge funds have recently made changes to their positions in HRI. Evergreen Capital Management LLC purchased a new position in Herc in the 3rd quarter worth approximately $7,876,000. SG Americas Securities LLC grew its holdings in Herc by 397.5% during the 3rd quarter. SG Americas Securities LLC now owns 8,373 shares of the transportation company’s stock valued at $977,000 after buying an additional 6,690 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Herc by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 80,484 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 11,032 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in shares of Herc in the third quarter worth $2,291,000. Finally, Greenland Capital Management LP bought a new position in shares of Herc during the second quarter worth $395,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. Herc’s dividend payout ratio is presently -111.11%.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.