Herc Holdings (HRI) Receiving Somewhat Favorable Press Coverage, Report Finds
News headlines about Herc Holdings (NYSE:HRI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herc Holdings earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 46.9395732761189 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Herc Holdings (NYSE:HRI) traded down 0.28% during trading on Wednesday, hitting $50.21. 228,817 shares of the stock traded hands. The stock’s market cap is $1.42 billion. The firm’s 50-day moving average is $45.36 and its 200 day moving average is $43.17. Herc Holdings has a 52 week low of $28.66 and a 52 week high of $52.96.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.25. The firm had revenue of $416.00 million during the quarter, compared to analyst estimates of $397.00 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned ($0.28) earnings per share. Equities research analysts forecast that Herc Holdings will post ($0.53) earnings per share for the current fiscal year.
A number of brokerages recently issued reports on HRI. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. MKM Partners reiterated a “buy” rating and issued a $22.00 target price on shares of Herc Holdings in a research report on Friday, July 7th. Finally, ValuEngine upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Herc Holdings presently has a consensus rating of “Hold” and an average target price of $45.71.
In related news, major shareholder Carl C. Icahn bought 109,249 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO James Bruce Dressel bought 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $39.02 per share, with a total value of $97,550.00. Following the completion of the transaction, the chief operating officer now directly owns 41,402 shares in the company, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. 0.12% 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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