Q3 2017 EPS Estimates for Herc Holdings Inc. (HRI) Cut by Analyst
Herc Holdings Inc. (NYSE:HRI) – Research analysts at Northcoast Research decreased their Q3 2017 EPS estimates for Herc Holdings in a research note issued on Monday. Northcoast Research analyst J. Healy now anticipates that the transportation company will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.53. Northcoast Research also issued estimates for Herc Holdings’ FY2017 earnings at ($0.55) EPS.
Several other analysts have also weighed in on HRI. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. 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. Sidoti lowered shares of Herc Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. Finally, ValuEngine upgraded shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/q3-2017-eps-estimates-for-herc-holdings-inc-hri-cut-by-analyst/1493850.html.
Shares of Herc Holdings (NYSE HRI) opened at 39.65 on Wednesday. Herc Holdings has a 12 month low of $28.66 and a 12 month high of $52.96. The company’s market cap is $1.12 billion. The stock’s 50 day moving average is $42.88 and its 200 day moving average is $44.40.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The company had revenue of $416 million during the quarter, compared to the consensus estimate of $397 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year.
In other Herc Holdings news, COO James Bruce Dressel purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was 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 of the company’s stock, valued at approximately $1,615,506.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carl C. Icahn purchased 109,249 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $38.95 per share, with a total value of $4,255,248.55. The disclosure for this purchase can be found here. Insiders have acquired a total of 116,749 shares of company stock valued at $4,530,849 in the last 90 days. 0.12% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Segantii Capital Management Ltd acquired a new stake in shares of Herc Holdings during the first quarter worth approximately $154,000. Quantbot Technologies LP acquired a new stake in shares of Herc Holdings during the second quarter worth approximately $183,000. Utah Retirement Systems acquired a new stake in shares of Herc Holdings during the first quarter worth approximately $214,000. Princeton Alpha Management LP acquired a new stake in shares of Herc Holdings during the first quarter worth approximately $226,000. Finally, Trexquant Investment LP acquired a new stake in shares of Herc Holdings during the second quarter worth approximately $229,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
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.
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.