Q2 2018 Earnings Estimate for Herc Holdings Inc. Issued By KeyCorp (HRI)
Herc Holdings Inc. (NYSE:HRI) – KeyCorp boosted their Q2 2018 earnings per share estimates for shares of Herc Holdings in a note issued to investors on Thursday. KeyCorp analyst J. Box now anticipates that the transportation company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.10. KeyCorp also issued estimates for Herc Holdings’ Q3 2018 earnings at $0.49 EPS.
Several other research firms have also weighed in on HRI. MKM Partners reiterated a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.00.
Shares of Herc Holdings (NYSE HRI) traded down 2.13% on Monday, hitting $49.54. 46,987 shares of the stock traded hands. The stock’s market cap is $1.40 billion. Herc Holdings has a one year low of $28.66 and a one year high of $52.96. The company’s 50 day moving average is $43.55 and its 200 day moving average is $43.05.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The company had revenue of $416.00 million during the quarter, compared to analysts’ expectations of $397.00 million. During the same quarter in the previous year, the business earned ($0.28) EPS. The firm’s revenue was up 9.4% on a year-over-year basis.
In other Herc Holdings news, major shareholder Carl C. Icahn bought 109,249 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $38.95 per share, with a total value of $4,255,248.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Bruce Dressel purchased 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the purchase, the chief operating officer now owns 41,402 shares in the company, valued at $1,615,506.04. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HRI. Segantii Capital Management Ltd bought a new position in shares of Herc Holdings during the 1st quarter valued at $154,000. Quantbot Technologies LP acquired a new stake in shares of Herc Holdings in the 2nd quarter valued at $183,000. Utah Retirement Systems acquired a new stake in shares of Herc Holdings in the 1st quarter valued at $214,000. Trexquant Investment LP acquired a new stake in shares of Herc Holdings in the 2nd quarter valued at $229,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Herc Holdings in the 3rd quarter valued at $286,000.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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