Q1 2018 EPS Estimates for Herc Holdings Inc Cut by KeyCorp (HRI)

Herc Holdings Inc (NYSE:HRI) – Investment analysts at KeyCorp decreased their Q1 2018 earnings per share estimates for Herc in a research report issued on Tuesday. KeyCorp analyst J. Box now expects that the transportation company will post earnings per share of ($0.75) for the quarter, down from their prior estimate of ($0.65). KeyCorp currently has a “Buy” rating and a $68.00 target price on the stock. KeyCorp also issued estimates for Herc’s Q2 2018 earnings at $0.10 EPS and FY2019 earnings at $1.89 EPS.

Herc (NYSE:HRI) last issued its quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The company had revenue of $457.60 million for the quarter, compared to the consensus estimate of $422.31 million. Herc had a negative return on equity of 6.63% and a negative net margin of 4.08%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS.

HRI has been the topic of several other reports. Buckingham Research began coverage on Herc in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 price target on the stock. Zacks Investment Research raised Herc from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, October 4th. Northcoast Research reissued a “neutral” rating on shares of Herc in a report on Tuesday, December 19th. Finally, Barclays assumed coverage on Herc in a report on Tuesday, December 12th. They set an “overweight” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Herc has an average rating of “Hold” and a consensus target price of $52.67.

Herc (NYSE HRI) opened at $65.62 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 7.66. The company has a market capitalization of $1,809.21, a P/E ratio of -27.23 and a beta of 2.64. Herc has a 1 year low of $33.27 and a 1 year high of $65.93.

In other news, Director Jean K. Holley acquired 1,400 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $54.78 per share, with a total value of $76,692.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.12% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Herc during the 2nd quarter worth approximately $183,000. Fox Run Management L.L.C. acquired a new stake in shares of Herc during the 3rd quarter worth approximately $201,000. Boothbay Fund Management LLC acquired a new stake in shares of Herc during the 3rd quarter worth approximately $218,000. Eqis Capital Management Inc. acquired a new stake in shares of Herc during the 3rd quarter worth approximately $286,000. Finally, Private Advisor Group LLC grew its holdings in shares of Herc by 3.8% during the 2nd quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after purchasing an additional 288 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

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Herc 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.

Earnings History and Estimates for Herc (NYSE:HRI)

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