Herc (NYSE:HRI) is set to issue its quarterly earnings data before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
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 net margin of 11.61% and a return on equity of 3.55%. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates of $462.50 million. During the same period last year, the company earned $0.06 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, analysts expect Herc to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of HRI opened at $32.88 on Tuesday. Herc has a 1 year low of $30.60 and a 1 year 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 company has a market capitalization of $944.37 million, a PE ratio of 60.29 and a beta of 2.73.
HRI has been the subject of a number of recent research reports. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine cut Herc from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Northcoast Research raised Herc from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, Buckingham Research raised Herc from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.00 to $70.00 in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.86.
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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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