Analysts forecast that Herc Holdings Inc. (NYSE:HRI) will post $0.93 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Herc’s earnings. Herc posted earnings per share of $0.45 during the same quarter last year, which suggests a positive year-over-year growth rate of 106.7%. The business is expected to report its next earnings results on Wednesday, November 14th.

On average, analysts expect that Herc will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.36. For the next year, analysts anticipate that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Herc.

Herc (NYSE:HRI) last released its earnings results on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). The company had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $462.50 million. Herc had a return on equity of 3.55% and a net margin of 11.61%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS.

A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Herc from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Buckingham Research upgraded shares of Herc from a “neutral” rating to a “buy” rating and raised their price target for the stock from $67.00 to $70.00 in a report on Friday, July 13th. Finally, Zacks Investment Research lowered shares of Herc from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Herc presently has a consensus rating of “Hold” and an average target price of $66.33.

Shares of Herc stock traded up $0.02 during midday trading on Friday, reaching $39.83. 392,558 shares of the company’s stock traded hands, compared to its average volume of 204,283. The company has a market capitalization of $1.46 billion, a P/E ratio of -124.47 and a beta of 2.41. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 4.48. Herc has a 52 week low of $38.67 and a 52 week high of $72.99.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in shares of Herc by 1.6% during the 2nd quarter. Northern Trust Corp now owns 305,382 shares of the transportation company’s stock worth $17,205,000 after buying an additional 4,835 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in shares of Herc during the 2nd quarter worth approximately $643,000. Bank of New York Mellon Corp grew its position in shares of Herc by 77.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock worth $35,171,000 after buying an additional 273,404 shares during the period. Millennium Management LLC grew its position in shares of Herc by 21.7% during the 2nd quarter. Millennium Management LLC now owns 374,254 shares of the transportation company’s stock worth $21,085,000 after buying an additional 66,607 shares during the period. Finally, MetLife Investment Advisors LLC grew its position in shares of Herc by 10.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 11,071 shares of the transportation company’s stock worth $624,000 after buying an additional 1,004 shares during the period. 97.74% of the stock is owned by institutional investors.

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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