Herc Holdings Inc (NYSE:HRI) – Equities researchers at KeyCorp upped their Q4 2017 earnings estimates for shares of Herc in a report issued on Tuesday. KeyCorp analyst J. Box now anticipates that the transportation company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.15. KeyCorp has a “Buy” rating and a $68.00 price target on the stock. KeyCorp also issued estimates for Herc’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $0.80 EPS.

Several other research analysts have also commented on the company. Zacks Investment Research raised Herc from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, October 4th. Buckingham Research started coverage on Herc in a report on Tuesday, November 21st. They set a “neutral” rating and a $55.00 price objective for the company. Barclays started coverage on Herc in a report on Tuesday, December 12th. They set an “overweight” rating and a $70.00 price objective for the company. Finally, Northcoast Research reissued a “neutral” rating on shares of Herc in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.67.

Herc (NYSE:HRI) opened at $65.62 on Thursday. Herc has a twelve month low of $33.27 and a twelve month high of $65.93. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.

Herc (NYSE:HRI) last issued its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. Herc had a negative return on equity of 6.63% and a negative net margin of 4.08%. The company had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Herc’s revenue was up 13.4% on a year-over-year basis.

Institutional investors and hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in Herc in the third quarter worth approximately $201,000. Boothbay Fund Management LLC purchased a new stake in Herc in the third quarter worth approximately $218,000. Quantbot Technologies LP purchased a new stake in Herc in the second quarter worth approximately $183,000. Eqis Capital Management Inc. purchased a new stake in Herc in the third quarter worth approximately $286,000. Finally, Private Advisor Group LLC boosted its stake in Herc by 3.8% in the second quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after buying an additional 288 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jean K. Holley bought 1,400 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/q4-2017-earnings-forecast-for-herc-holdings-inc-hri-issued-by-keycorp/1805627.html.

About Herc

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.

Earnings History and Estimates for Herc (NYSE:HRI)

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.