Herc Holdings Inc. (NYSE:HRI) – Research analysts at Northcoast Research boosted their Q4 2017 earnings estimates for shares of Herc Holdings in a research report issued on Thursday. Northcoast Research analyst J. Healy now anticipates that the transportation company will earn $0.41 per share for the quarter, up from their previous forecast of $0.40.
Herc Holdings (NYSE:HRI) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Herc Holdings had a negative return on equity of 6.63% and a negative net margin of 4.08%. The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $422.31 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue was up 13.4% on a year-over-year basis.
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HRI has been the topic of a number of other research reports. Zacks Investment Research upgraded Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, October 4th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.71.
Herc Holdings (NYSE HRI) opened at $54.69 on Friday. Herc Holdings has a 52-week low of $33.27 and a 52-week high of $57.64. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 7.66.
A number of hedge funds have recently made changes to their positions in HRI. Alliancebernstein L.P. lifted its holdings in Herc Holdings by 13.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock valued at $1,107,000 after purchasing an additional 2,600 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Herc Holdings by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock worth $93,560,000 after acquiring an additional 70,727 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Herc Holdings by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 183,422 shares of the transportation company’s stock worth $8,967,000 after acquiring an additional 13,159 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Herc Holdings by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 787,022 shares of the transportation company’s stock worth $38,477,000 after acquiring an additional 83,525 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Herc Holdings by 10.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 94,050 shares of the transportation company’s stock worth $4,599,000 after acquiring an additional 8,882 shares during the last quarter.
Herc Holdings Company Profile
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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