Brokers Offer Predictions for Herc Holdings Inc.’s FY2017 Earnings (HRI)
Herc Holdings Inc. (NYSE:HRI) – Equities research analysts at Northcoast Research raised their FY2017 earnings estimates for shares of Herc Holdings in a note issued to investors on Thursday. Northcoast Research analyst J. Healy now expects that the transportation company will post earnings of ($0.47) per share for the year, up from their previous forecast of ($0.53). Northcoast Research also issued estimates for Herc Holdings’ FY2018 earnings at $0.18 EPS.
Several other equities research analysts have also recently weighed in on HRI. Zacks Investment Research cut Herc Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Herc Holdings presently has an average rating of “Hold” and an average target price of $45.71.
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Shares of Herc Holdings (NYSE HRI) opened at $53.62 on Monday. Herc Holdings has a 12 month low of $33.27 and a 12 month high of $57.64. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.09 and a quick ratio of 1.03.
Herc Holdings (NYSE:HRI) last posted its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.23. Herc Holdings had a negative return on equity of 6.63% and a negative net margin of 4.08%. The firm had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year.
In related news, Director Jean K. Holley purchased 1,400 shares of Herc Holdings stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $54.78 per share, for a total transaction of $76,692.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC purchased a new stake in shares of Herc Holdings during the third quarter worth about $218,000. Royce & Associates LP grew its holdings in Herc Holdings by 12.6% during the 3rd quarter. Royce & Associates LP now owns 452,868 shares of the transportation company’s stock valued at $22,249,000 after buying an additional 50,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Herc Holdings by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 887,325 shares of the transportation company’s stock valued at $43,594,000 after buying an additional 15,801 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Herc Holdings by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 240,316 shares of the transportation company’s stock valued at $11,807,000 after buying an additional 12,007 shares in the last quarter. Finally, SG Capital Management LLC purchased a new position in Herc Holdings during the 3rd quarter valued at approximately $4,358,000.
Herc Holdings Company Profile
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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