KeyCorp Weighs in on Herc Holdings Inc.’s Q3 2016 Earnings (HRI)

Herc Holdings Inc. (NYSE:HRI) – Stock analysts at KeyCorp reduced their Q3 2016 earnings per share (EPS) estimates for Herc Holdings in a research report issued on Sunday. KeyCorp analyst J. Box now forecasts that the firm will earn $0.21 per share for the quarter, down from their previous forecast of $0.22. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Herc Holdings’ FY2016 earnings at $0.17 EPS, Q3 2017 earnings at $0.48 EPS and FY2017 earnings at $0.82 EPS.

Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 9th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. The firm earned $380.40 million during the quarter, compared to analyst estimates of $422.70 million. Herc Holdings had a net margin of 3.07% and a return on equity of 11.95%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year.

Earnings History and Estimates for Herc Holdings (NYSE:HRI)

HRI has been the subject of several other research reports. Zacks Investment Research cut Herc Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Barclays PLC assumed coverage on Herc Holdings in a report on Monday, August 15th. They issued an “equal weight” rating and a $34.00 price target for the company. Finally, Longbow Research started coverage on Herc Holdings in a report on Thursday, July 7th. They issued a “neutral” rating for the company.

Shares of Herc Holdings (NYSE:HRI) opened at 32.73 on Tuesday. The company has a 50-day moving average of $33.64 and a 200 day moving average of $31.26. The firm has a market cap of $926.59 million, a PE ratio of 10.93 and a beta of 2.32. Herc Holdings has a one year low of $20.85 and a one year high of $60.15.

In other news, Director James H. Browning bought 1,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of $32.94 per share, for a total transaction of $49,410.00. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at $49,410. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

About Herc Holdings

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.

5 Day Chart for NYSE:HRI

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