Herc Holdings Inc (NYSE:HRI) announced its earnings results on Wednesday. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.69. The business had revenue of $405.20 million for the quarter, compared to the consensus estimate of $412.15 million. Herc Holdings had a net margin of 0.25% and a negative return on equity of 1.81%. The business’s revenue was down 4.1% compared to the same quarter last year.
Shares of Herc Holdings (NYSE:HRI) traded up 0.64% during trading on Friday, hitting $48.39. The company had a trading volume of 200,770 shares. Herc Holdings has a 52 week low of $28.66 and a 52 week high of $531.30. The stock’s 50-day moving average price is $48.63 and its 200 day moving average price is $40.22. The company’s market capitalization is $1.37 billion.
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Institutional investors have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC purchased a new position in Herc Holdings during the fourth quarter valued at $216,000. Private Advisor Group LLC purchased a new position in Herc Holdings during the fourth quarter valued at $219,000. Barings LLC purchased a new position in Herc Holdings during the fourth quarter valued at $281,000. Guggenheim Capital LLC purchased a new position in Herc Holdings during the fourth quarter valued at $330,000. Finally, Russell Investments Group Ltd. purchased a new position in Herc Holdings during the fourth quarter valued at $343,000. Institutional investors and hedge funds own 96.57% of the company’s stock.
A number of equities analysts recently commented on the company. Northcoast Research downgraded Herc Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, February 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Herc Holdings from a “hold” rating to a “sell” rating in a report on Friday. Finally, Barclays PLC restated a “hold” rating and set a $46.00 target price on shares of Herc Holdings in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.60.
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.
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