Q4 2017 EPS Estimates for Herc Holdings Inc. (HRI) Reduced by KeyCorp
Herc Holdings Inc. (NYSE:HRI) – Stock analysts at KeyCorp cut their Q4 2017 EPS estimates for shares of Herc Holdings in a research note issued to investors on Tuesday. KeyCorp analyst J. Box now anticipates that the transportation company will earn $0.14 per share for the quarter, down from their prior estimate of $0.25. KeyCorp also issued estimates for Herc Holdings’ Q1 2018 earnings at ($0.63) EPS.
A number of other analysts also recently issued reports on HRI. Jefferies Group LLC restated a “hold” rating and issued a $44.00 price target on shares of Herc Holdings in a research report on Thursday, April 13th. Zacks Investment Research upgraded Herc Holdings from a “sell” rating to a “hold” rating and set a $52.00 price target for the company in a research report on Wednesday, May 3rd. Sidoti downgraded Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. ValuEngine upgraded Herc Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, MKM Partners restated a “buy” rating and issued a $22.00 price target on shares of Herc Holdings in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
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Shares of Herc Holdings (HRI) traded up 0.72% on Friday, hitting $39.28. 114,786 shares of the company traded hands. The firm’s 50 day moving average price is $42.68 and its 200-day moving average price is $44.57. Herc Holdings has a 1-year low of $28.66 and a 1-year high of $52.96. The stock’s market capitalization is $1.11 billion.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.25. The firm had revenue of $416 million for the quarter, compared to the consensus estimate of $397 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share.
A number of hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in Herc Holdings by 4.2% in the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock worth $1,933,000 after buying an additional 1,600 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Herc Holdings during the fourth quarter worth $343,000. Columbus Circle Investors acquired a new stake in Herc Holdings during the first quarter worth $6,393,000. Impala Asset Management LLC raised its stake in Herc Holdings by 140.0% in the first quarter. Impala Asset Management LLC now owns 398,049 shares of the transportation company’s stock worth $19,461,000 after buying an additional 232,199 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in Herc Holdings during the first quarter worth $226,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
In other Herc Holdings news, COO James Bruce Dressel bought 5,000 shares of Herc Holdings stock in a transaction on Monday, May 22nd. The shares were acquired at an average price of $35.61 per share, for a total transaction of $178,050.00. Following the completion of the purchase, the chief operating officer now directly owns 38,902 shares in the company, valued at approximately $1,385,300.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% 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.
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