KeyCorp Weighs in on Herc Holdings Inc.’s FY2016 Earnings (HRI)
Herc Holdings Inc. (NYSE:HRI) – Research analysts at KeyCorp dropped their FY2016 earnings estimates for Herc Holdings in a report issued on Wednesday. KeyCorp analyst J. Box now expects that the firm will post earnings per share of ($0.15) for the year, down from their prior forecast of $0.17. KeyCorp also issued estimates for Herc Holdings’ Q4 2016 earnings at $0.02 EPS, Q1 2017 earnings at ($0.26) EPS, Q4 2017 earnings at $0.27 EPS and FY2017 earnings at $0.50 EPS.
Herc Holdings (NYSE:HRI) last announced its earnings results on Tuesday, November 8th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.30. Herc Holdings had a net margin of 0.25% and a negative return on equity of 1.81%. The company earned $403.60 million during the quarter, compared to analysts’ expectations of $410.37 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year.
Several other research firms also recently weighed in on HRI. Zacks Investment Research raised Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, October 17th. Barclays PLC set a $33.00 price target on Herc Holdings and gave the stock a “hold” rating in a research report on Tuesday, November 8th.
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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