Q1 Earnings Forecast for Herc Issued By KeyCorp (NYSE:HRI)

Herc Holdings Inc. (NYSE:HRI) – Investment analysts at KeyCorp decreased their Q1 2026 earnings per share (EPS) estimates for shares of Herc in a research report issued on Tuesday, February 17th. KeyCorp analyst K. Newman now anticipates that the transportation company will post earnings of $0.86 per share for the quarter, down from their prior forecast of $1.06. KeyCorp has a “Overweight” rating and a $190.00 price objective on the stock. The consensus estimate for Herc’s current full-year earnings is $12.84 per share. KeyCorp also issued estimates for Herc’s Q3 2026 earnings at $2.85 EPS, Q4 2026 earnings at $2.47 EPS and FY2026 earnings at $7.96 EPS.

Several other analysts have also recently issued reports on HRI. Citigroup cut their target price on Herc from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company lifted their price objective on Herc from $170.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Robert W. Baird reduced their target price on Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays raised their price target on Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.29.

Herc Price Performance

HRI stock opened at $143.61 on Friday. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -797.83, a PEG ratio of 1.37 and a beta of 1.77. The firm’s 50-day moving average price is $159.83 and its two-hundred day moving average price is $139.90. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 4.17. Herc has a 12-month low of $96.18 and a 12-month high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, February 17th. The transportation company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Herc had a net margin of 0.02% and a return on equity of 13.21%. The firm’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.58 earnings per share.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 18th. Herc’s dividend payout ratio is presently -111.11%.

Hedge Funds Weigh In On Herc

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Herc by 47.3% during the 4th quarter. Empowered Funds LLC now owns 5,527 shares of the transportation company’s stock valued at $820,000 after buying an additional 1,775 shares in the last quarter. Summit Securities Group LLC purchased a new position in Herc during the 4th quarter valued at about $179,000. Balyasny Asset Management L.P. boosted its stake in Herc by 87.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 51,588 shares of the transportation company’s stock worth $7,655,000 after acquiring an additional 24,099 shares in the last quarter. Freestone Grove Partners LP grew its holdings in Herc by 667.9% in the fourth quarter. Freestone Grove Partners LP now owns 573,149 shares of the transportation company’s stock worth $85,044,000 after purchasing an additional 498,511 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Herc in the fourth quarter worth about $6,173,000. Institutional investors own 93.11% of the company’s stock.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.