Brokerages expect that Herc Holdings Inc. (NYSE:HRI) will report earnings of $0.89 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Herc’s earnings. Herc posted earnings per share of $0.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 89.4%. The company is scheduled to report its next earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Herc will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.35 to $2.13. For the next year, analysts expect that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $1.72 to $2.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Herc.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.67. The company had revenue of $516.20 million for the quarter, compared to analysts’ expectations of $499.86 million. Herc had a net margin of 12.99% and a return on equity of 9.58%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Several research firms have recently weighed in on HRI. ValuEngine downgraded shares of Herc from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Northcoast Research raised shares of Herc from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, October 22nd. They noted that the move was a valuation call. Royal Bank of Canada dropped their target price on shares of Herc to $60.00 and set an “outperform” rating on the stock in a research report on Friday, November 9th. Barclays set a $60.00 target price on shares of Herc and gave the stock a “buy” rating in a research report on Friday, November 9th. Finally, Zacks Investment Research downgraded shares of Herc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.14.

Shares of Herc stock traded down $0.68 during trading on Wednesday, hitting $37.43. The stock had a trading volume of 269,800 shares, compared to its average volume of 229,723. The company has a market cap of $1.07 billion, a P/E ratio of -116.97 and a beta of 2.73. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.14 and a quick ratio of 1.08. Herc has a 1 year low of $30.60 and a 1 year high of $72.99.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Herc by 77.9% during the second quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock worth $35,171,000 after purchasing an additional 273,404 shares during the period. Water Island Capital LLC acquired a new stake in shares of Herc during the third quarter worth approximately $8,064,000. Delek Group Ltd. acquired a new stake in shares of Herc during the second quarter worth approximately $7,745,000. Gamco Investors INC. ET AL boosted its holdings in shares of Herc by 3.4% during the third quarter. Gamco Investors INC. ET AL now owns 3,513,149 shares of the transportation company’s stock worth $179,873,000 after purchasing an additional 114,502 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Herc by 7.0% during the second quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock worth $94,167,000 after purchasing an additional 109,882 shares during the period. 94.79% of the stock is currently owned by institutional investors and hedge funds.

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 and Estimates for Herc (NYSE:HRI)

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