Herc (NYSE:HRI) Releases Earnings Results

Herc (NYSE:HRI) issued its earnings results on Thursday. The transportation company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04), Morningstar.com reports. The company had revenue of $475.10 million for the quarter, compared to analyst estimates of $495.39 million. Herc had a net margin of 4.10% and a return on equity of 13.56%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS.

Shares of NYSE:HRI traded down $3.13 during trading on Friday, reaching $42.71. 275,707 shares of the company traded hands, compared to its average volume of 236,196. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 0.46 and a beta of 3.35. The company has a fifty day simple moving average of $43.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.02. Herc has a 1-year low of $24.16 and a 1-year high of $57.05.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Herc from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, July 9th. TheStreet raised shares of Herc from a “d+” rating to a “c-” rating in a research note on Friday, June 28th. ValuEngine raised shares of Herc from a “strong sell” rating to a “sell” rating in a research note on Thursday. Finally, Bank of America assumed coverage on shares of Herc in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Herc has an average rating of “Buy” and an average price target of $53.50.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Herc by 6.6% in the fourth quarter. BlackRock Inc. now owns 1,702,303 shares of the transportation company’s stock valued at $44,244,000 after acquiring an additional 105,654 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Herc by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,403 shares of the transportation company’s stock valued at $26,936,000 after purchasing an additional 25,536 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Herc by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 276,817 shares of the transportation company’s stock valued at $7,193,000 after purchasing an additional 39,474 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Herc by 507.3% in the fourth quarter. Squarepoint Ops LLC now owns 44,938 shares of the transportation company’s stock valued at $1,168,000 after purchasing an additional 37,538 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Herc by 359.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,803 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 6,106 shares during the last quarter. Institutional investors and hedge funds own 92.39% 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 for Herc (NYSE:HRI)

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