Herc Holdings Inc (NYSE:HRI) – Stock analysts at KeyCorp reduced their Q1 2018 earnings estimates for shares of Herc in a research note issued on Tuesday. KeyCorp analyst J. Box now expects that the transportation company will earn ($0.75) per share for the quarter, down from their prior estimate of ($0.65). KeyCorp has a “Buy” rating and a $68.00 price objective on the stock. KeyCorp also issued estimates for Herc’s Q2 2018 earnings at $0.10 EPS and FY2019 earnings at $1.89 EPS.
Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (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 firm had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. During the same period last year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis.
Several other equities analysts have also recently issued reports on HRI. Zacks Investment Research cut Herc from a “hold” rating to a “sell” rating in a research note on Wednesday. Northcoast Research restated a “neutral” rating on shares of Herc in a research note on Tuesday, December 19th. Barclays assumed coverage on Herc in a research note on Tuesday, December 12th. They set an “overweight” rating and a $70.00 price objective on the stock. Finally, Buckingham Research assumed coverage on Herc in a research note on Tuesday, November 21st. They set a “neutral” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Herc has a consensus rating of “Hold” and an average target price of $52.67.
Herc (NYSE HRI) opened at $65.62 on Friday. Herc has a one year low of $33.27 and a one year high of $65.93. The stock has a market capitalization of $1,809.21, a price-to-earnings ratio of -27.23 and a beta of 2.64. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.
A number of hedge funds and other institutional investors have recently modified their holdings of HRI. Schwab Charles Investment Management Inc. increased its position in Herc by 142.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 228,309 shares of the transportation company’s stock worth $8,978,000 after buying an additional 134,259 shares during the period. Rhumbline Advisers increased its position in Herc by 9.1% in the second quarter. Rhumbline Advisers now owns 29,518 shares of the transportation company’s stock worth $1,161,000 after buying an additional 2,462 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Herc by 44.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,730 shares of the transportation company’s stock valued at $383,000 after purchasing an additional 2,978 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Herc by 67.7% during the second quarter. JPMorgan Chase & Co. now owns 129,441 shares of the transportation company’s stock valued at $5,089,000 after purchasing an additional 52,275 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new position in shares of Herc during the second quarter valued at $794,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Jean K. Holley bought 1,400 shares of the company’s stock in a transaction on Friday, November 10th. The shares were purchased 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 the SEC website. 0.12% of the stock is owned by company insiders.
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Herc 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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