Northcoast Research Comments on Herc Holdings Inc.’s Q3 2018 Earnings (HRI)

Herc Holdings Inc. (NYSE:HRI) – Northcoast Research upped their Q3 2018 earnings per share (EPS) estimates for Herc in a research report issued on Thursday, August 9th. Northcoast Research analyst J. Healy now expects that the transportation company will earn $0.93 per share for the quarter, up from their previous forecast of $0.80. Northcoast Research also issued estimates for Herc’s Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $1.36 EPS and FY2019 earnings at $2.15 EPS.

A number of other brokerages have also issued reports on HRI. Buckingham Research raised shares of Herc from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.00 to $70.00 in a report on Friday, July 13th. ValuEngine raised shares of Herc from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research raised shares of Herc from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a report on Tuesday, May 15th. Finally, Goldman Sachs Group lowered shares of Herc from a “neutral” rating to a “sell” rating and set a $43.00 price objective for the company. in a report on Thursday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.33.

Shares of HRI opened at $52.44 on Monday. The company has a quick ratio of 1.00, a current ratio of 0.84 and a debt-to-equity ratio of 4.48. Herc has a 12-month low of $35.89 and a 12-month high of $72.99. The stock has a market capitalization of $1.48 billion, a P/E ratio of -163.88 and a beta of 2.38.

Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). Herc had a net margin of 11.61% and a return on equity of 3.55%. The firm had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $462.50 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in Herc during the first quarter worth about $866,000. Wesbanco Bank Inc. purchased a new position in Herc during the first quarter worth about $516,000. MetLife Investment Advisors LLC purchased a new position in Herc during the fourth quarter worth about $725,000. Renaissance Technologies LLC purchased a new position in Herc during the fourth quarter worth about $2,592,000. Finally, Koch Industries Inc. purchased a new position in Herc during the first quarter worth about $407,000. 93.65% 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.

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Earnings History and Estimates for Herc (NYSE:HRI)

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