$1.90 Earnings Per Share Expected for Herc Holdings Inc. (NYSE:HRI) This Quarter

Equities research analysts expect Herc Holdings Inc. (NYSE:HRI) to report earnings of $1.90 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Herc’s earnings. Herc posted earnings of $0.95 per share during the same quarter last year, which indicates a positive year over year growth rate of 100%. The firm is expected to report its next earnings report before the market opens on Thursday, February 27th.

On average, analysts expect that Herc will report full year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.47 to $3.49. For the next year, analysts expect that the company will post earnings of $4.39 per share, with EPS estimates ranging from $4.34 to $4.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Herc.

Several equities research analysts recently weighed in on the company. TheStreet cut Herc from a “c” rating to a “d+” rating in a research note on Monday, February 3rd. ValuEngine raised Herc from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.00.

HRI stock traded down $0.83 during midday trading on Friday, hitting $43.02. The stock had a trading volume of 71,067 shares, compared to its average volume of 185,086. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 0.45 and a beta of 3.38. The business has a 50-day moving average of $45.11 and a two-hundred day moving average of $45.20. Herc has a 52-week low of $33.79 and a 52-week high of $50.81. The company has a debt-to-equity ratio of 4.10, a current ratio of 0.96 and a quick ratio of 0.96.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its position in Herc by 95.0% during the 1st quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock valued at $3,191,000 after purchasing an additional 39,880 shares during the period. UBS Asset Management Americas Inc. increased its position in Herc by 47.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,219 shares of the transportation company’s stock valued at $697,000 after purchasing an additional 4,876 shares during the period. Price T Rowe Associates Inc. MD increased its position in Herc by 24.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,496 shares of the transportation company’s stock valued at $985,000 after purchasing an additional 4,263 shares during the period. United Services Automobile Association acquired a new stake in Herc during the 2nd quarter valued at approximately $306,000. Finally, Bailard Inc. acquired a new stake in Herc during the 3rd quarter valued at approximately $326,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Herc Company Profile

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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