Herc Holdings Inc. (HRI) to Release Quarterly Earnings on Wednesday
Herc Holdings Inc. (NYSE:HRI) is set to announce its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Herc Holdings (NYSE:HRI) last announced its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.25. The business had revenue of $416.00 million for the quarter, compared to analyst estimates of $397.00 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.28) EPS. On average, analysts expect Herc Holdings to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Herc Holdings Inc. (HRI) traded down $0.31 during midday trading on Monday, reaching $47.96. The company’s stock had a trading volume of 201,135 shares, compared to its average volume of 192,278. The company has a debt-to-equity ratio of 8.29, a quick ratio of 0.85 and a current ratio of 0.91. Herc Holdings Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $52.96.
In other news, major shareholder Carl C. Icahn acquired 109,249 shares of Herc Holdings stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO James Bruce Dressel acquired 2,500 shares of Herc Holdings stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the completion of the transaction, the chief operating officer now directly owns 41,402 shares in the company, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on HRI shares. Zacks Investment Research upgraded Herc Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Herc Holdings has a consensus rating of “Hold” and an average target price of $45.71.
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.
Receive News & Ratings for Herc Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.