Brokers Set Expectations for Herc Holdings Inc.’s Q3 2016 Earnings (HRI)
Herc Holdings Inc. (NYSE:HRI) – Analysts at KeyCorp reduced their Q3 2016 EPS estimates for shares of Herc Holdings in a research report issued to clients and investors on Sunday. KeyCorp analyst J. Box now forecasts that the brokerage will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.22. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Herc Holdings’ FY2016 earnings at $0.17 EPS, Q3 2017 earnings at $0.48 EPS and FY2017 earnings at $0.82 EPS.
Herc Holdings (NYSE:HRI) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.31 by $0.59. Herc Holdings had a return on equity of 11.95% and a net margin of 3.07%. The business earned $380.40 million during the quarter, compared to analysts’ expectations of $422.70 million. The company’s revenue was down 10.0% on a year-over-year basis.
Several other equities analysts have also recently issued reports on HRI. Longbow Research started coverage on Herc Holdings in a research note on Thursday, July 7th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Herc Holdings from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday, July 18th. Finally, Barclays PLC began coverage on Herc Holdings in a research note on Monday, August 15th. They issued an “equal weight” rating and a $34.00 target price on the stock.
Herc Holdings (NYSE:HRI) traded down 3.13% during midday trading on Tuesday, hitting $32.80. 103,908 shares of the company traded hands. The stock has a 50 day moving average of $33.66 and a 200 day moving average of $31.25. Herc Holdings has a 12-month low of $20.85 and a 12-month high of $60.15. The stock has a market cap of $928.57 million, a P/E ratio of 10.95 and a beta of 2.32.
In related news, Director James H. Browning bought 1,500 shares of the business’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $32.94 per share, for a total transaction of $49,410.00. Following the completion of the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $49,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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