Herc Holdings Inc. (NYSE:HRI) – Stock analysts at KeyCorp raised their Q4 2017 EPS estimates for shares of Herc Holdings in a note issued to investors on Wednesday. KeyCorp analyst J. Box now expects that the transportation company will post earnings of $0.15 per share for the quarter, up from their previous estimate of ($0.04). KeyCorp also issued estimates for Herc Holdings’ Q1 2018 earnings at ($0.65) EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.71 EPS, FY2018 earnings at $0.69 EPS and FY2019 earnings at $1.63 EPS.
Herc Holdings (NYSE:HRI) last posted its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $422.31 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://ledgergazette.com/2017/11/13/q4-2017-eps-estimates-for-herc-holdings-inc-increased-by-keycorp-hri.html.
Several other research firms have also recently issued reports on HRI. Zacks Investment Research raised Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.71.
Herc Holdings (NYSE HRI) opened at $54.69 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 7.66. Herc Holdings has a 12 month low of $33.27 and a 12 month high of $57.64.
A number of hedge funds have recently modified their holdings of HRI. Alliancebernstein L.P. grew its stake in Herc Holdings by 13.0% in the first quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock worth $1,107,000 after purchasing an additional 2,600 shares during the period. Vanguard Group Inc. grew its stake in Herc Holdings by 3.8% in the first quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock worth $93,560,000 after purchasing an additional 70,727 shares during the period. Geode Capital Management LLC boosted its holdings in Herc Holdings by 7.7% in the first 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Herc Holdings by 11.9% in the first 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Herc Holdings by 10.4% in the first 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 in the last quarter.
About Herc Holdings
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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