Herc Holdings Inc. (NYSE:HRI) announced its earnings results on Wednesday. The transportation company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23, Briefing.com reports. The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $422.31 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS.
Shares of Herc Holdings (NYSE:HRI) traded down $0.13 during mid-day trading on Thursday, hitting $55.50. The stock had a trading volume of 283,889 shares, compared to its average volume of 243,350. The company has a debt-to-equity ratio of 8.29, a current ratio of 0.91 and a quick ratio of 0.85. Herc Holdings has a twelve month low of $31.66 and a twelve month high of $57.64.
Several research analysts have recently weighed in on HRI shares. Zacks Investment Research raised Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 4th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.71.
In other news, major shareholder Carl C. Icahn purchased 109,249 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.
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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