Wall Street brokerages expect Herc Holdings Inc. (NYSE:HRI) to announce earnings per share (EPS) of $0.93 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Herc’s earnings. Herc reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 106.7%. The business is expected to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Herc will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Herc.

Herc (NYSE:HRI) last posted its quarterly earnings results on Wednesday, August 8th. The transportation company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.09). Herc had a return on equity of 3.55% and a net margin of 11.61%. The company had revenue of $485.50 million for the quarter, compared to analysts’ expectations of $462.50 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s revenue was up 16.8% on a year-over-year basis.

Several research firms have recently commented on HRI. Zacks Investment Research lowered Herc from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine lowered Herc from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Buckingham Research upgraded Herc from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $70.00 in a report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $66.33.

Shares of NYSE HRI traded down $0.23 during trading on Wednesday, hitting $50.61. 119,192 shares of the company were exchanged, compared to its average volume of 202,440. Herc has a 12-month low of $45.63 and a 12-month high of $72.99. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 4.48. The firm has a market cap of $1.45 billion, a PE ratio of -158.16 and a beta of 2.35.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its holdings in Herc by 3.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,398,647 shares of the transportation company’s stock valued at $191,480,000 after buying an additional 100,941 shares during the period. BlackRock Inc. increased its stake in Herc by 7.0% during the second quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock worth $94,167,000 after purchasing an additional 109,882 shares during the period. Gabelli Funds LLC increased its stake in Herc by 0.9% during the second quarter. Gabelli Funds LLC now owns 1,204,935 shares of the transportation company’s stock worth $67,886,000 after purchasing an additional 11,320 shares during the period. Dimensional Fund Advisors LP increased its stake in Herc by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 986,107 shares of the transportation company’s stock worth $55,558,000 after purchasing an additional 75,475 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Herc by 77.9% during the second quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock worth $35,171,000 after purchasing an additional 273,404 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.

About Herc

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.

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Earnings History and Estimates for Herc (NYSE:HRI)

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