Herc Holdings Inc. (NYSE:HRI) – Analysts at KeyCorp upped their Q4 2017 earnings per share (EPS) estimates for Herc Holdings in a research note issued to investors on Wednesday. KeyCorp analyst J. Box now expects that the transportation company will post earnings of $0.15 per share for the quarter, up from their previous forecast of ($0.04). KeyCorp also issued estimates for Herc Holdings’ Q1 2018 earnings at ($0.65) EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.71 EPS, FY2018 earnings at $0.69 EPS and FY2019 earnings at $1.63 EPS.
HRI has been the topic of several other reports. upgraded shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday, October 4th. upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Herc Holdings presently has a consensus rating of “Hold” and a consensus price target of $45.71.
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Herc Holdings (NYSE HRI) opened at $53.62 on Monday. 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 Holdings has a 52-week low of $33.27 and a 52-week high of $57.64.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The company had revenue of $457.60 million during the quarter, compared to analyst estimates of $422.31 million. Herc Holdings had a negative net margin of 4.08% and a negative return on equity of 6.63%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its stake in shares of Herc Holdings by 19.5% in the second quarter. Gamco Investors INC. ET AL now owns 3,526,858 shares of the transportation company’s stock worth $138,676,000 after buying an additional 575,971 shares during the last quarter. 1060 Capital LLC bought a new stake in Herc Holdings in the 2nd quarter valued at $16,823,000. Schneider Capital Management Corp increased its holdings in Herc Holdings by 83.3% in the 2nd quarter. Schneider Capital Management Corp now owns 733,953 shares of the transportation company’s stock valued at $28,859,000 after buying an additional 333,646 shares during the period. Gabelli Funds LLC increased its holdings in Herc Holdings by 23.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,251,309 shares of the transportation company’s stock valued at $49,201,000 after buying an additional 240,808 shares during the period. Finally, Banbury Partners LLC increased its holdings in Herc Holdings by 77.8% in the 2nd quarter. Banbury Partners LLC now owns 513,693 shares of the transportation company’s stock valued at $20,198,000 after buying an additional 224,832 shares during the period.
In other news, Director Jean K. Holley bought 1,400 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $54.78 per share, with a total value of $76,692.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.12% of the company’s stock.
About Herc Holdings
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.
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