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Herc Holdings Inc. (NYSE: HRI) Maintains "Buy" Rating Amidst Earnings Challenges
Apr 22, 2025 10:00 PM - Andrew Wynn(Last modified: Apr 23, 2025 6:02 PM)
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- Goldman Sachs reaffirms its "Buy" rating for NYSE:HRI, despite a significant earnings miss in Q1 2025.
- Herc Holdings reported earnings of $1.30 per share, missing the Zacks Consensus Estimate by 48.21%.
Herc Holdings Inc. (NYSE: HRI) is a key player in the equipment rental industry, providing a wide range of equipment for construction and industrial use. The company operates within the Zacks Transportation - Equipment and Leasing industry. On April 22, 2025, Goldman Sachs maintained its "Buy" rating for HRI, with the stock priced at $102.34. Despite recent challenges, the company remains a significant entity in its sector.
During the Q1 2025 earnings conference call, Herc Holdings reported earnings of $1.30 per share, falling short of the Zacks Consensus Estimate of $2.51. This represents a 48.21% negative surprise. The earnings also decreased from $2.36 per share in the same quarter last year. Despite this, the company reported revenues of $844 million, slightly exceeding the Zacks Consensus Estimate by 0.31%.
Herc Holdings has consistently missed consensus EPS estimates over the past four quarters. In the previous quarter, the company was expected to earn $4.18 per share but reported $3.58, resulting in a 14.35% negative surprise.
Larry Silber, the President and CEO, highlighted growth in the company's national account business, driven by federal and private investments in significant construction projects. These include data centers, manufacturing onshoring, and LNG facilities. This growth is a positive sign for the company's future prospects, despite recent earnings challenges.
The stock, currently priced at $102.34, has experienced a decrease of 8.22%, with a drop of $9.16. It fluctuated between a low of $96.19 and a high of $106.27 today. Over the past year, the stock reached a high of $246.88 and a low of $96.19. Herc Holdings' market capitalization stands at approximately $2.92 billion, with a trading volume of 1,034,328 shares.
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