Wall Street brokerages predict that Herc Holdings Inc. (NYSE:HRI) will announce earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Herc’s earnings. Herc reported earnings per share of $0.47 during the same quarter last year, which would suggest a positive year over year growth rate of 70.2%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Herc will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.50. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Herc.

Herc (NYSE:HRI) last posted its earnings results on Thursday, November 8th. The transportation company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.67. Herc had a net margin of 11.61% and a return on equity of 3.55%. The firm had revenue of $516.20 million during the quarter, compared to analyst estimates of $499.86 million. During the same period last year, the firm posted $0.45 earnings per share. Herc’s revenue for the quarter was up 12.8% compared to the same quarter last year.

HRI has been the subject of a number of recent research reports. Buckingham Research raised shares of Herc from a “neutral” rating to a “buy” rating and raised their target price for the company from $67.00 to $70.00 in a report on Friday, July 13th. Royal Bank of Canada cut their target price on shares of Herc to $60.00 and set an “outperform” rating for the company in a report on Friday. Barclays set a $60.00 target price on shares of Herc and gave the company a “buy” rating in a report on Friday. Northcoast Research raised shares of Herc from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Herc from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Herc currently has a consensus rating of “Hold” and a consensus target price of $59.14.

HRI stock opened at $38.04 on Wednesday. Herc has a fifty-two week low of $30.60 and a fifty-two week high of $72.99. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 4.48. The firm has a market capitalization of $978.54 million, a P/E ratio of -118.88 and a beta of 2.73.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in Herc during the second quarter worth $118,000. Gilder Gagnon Howe & Co. LLC boosted its stake in Herc by 138.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock worth $202,000 after buying an additional 2,081 shares during the period. Natixis purchased a new position in Herc during the second quarter worth $203,000. Sun Life Financial INC purchased a new position in Herc during the second quarter worth $213,000. Finally, Prudential Financial Inc. purchased a new position in Herc during the third quarter worth $215,000. 94.37% of the stock is owned by institutional investors.

About Herc

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.

See Also: Fundamental Analysis

Get a free copy of the Zacks research report on Herc (HRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Herc (NYSE:HRI)

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.