Earnings Watch: HERC Holdings, Inc. (HRI)

Company Profile:

Herc Holdings Inc. operates as an equipment rental supplier in North America. It rents equipment, such as aerial, air compressors and tools, climate control, compaction and paving, concrete and masonry, earthmoving, floor care and surface preparation, material handling, power generation, procontractors, pumps, and trucks and trailers. The company also sells used equipment through online and provides financing and warranty services on the equipment. In addition, the company provides ProSolutions, an industry specific solutions-based service. Herc Holdings Inc. is based in Bonita Springs, Florida.

Recent News:

Herc Holdings Inc. (NYSE:HRI) will host a live webcast discussion of its 2016 third quarter financial results on Tuesday, November 8, 2016, beginning at 8:30 a.m., U.S. Eastern Time. The company plans to issue a press release detailing its financial results prior to the call on Tuesday.

For the quarter ended June 30, 2016, the company reported total were $380.4 million compared with $422.7 million in the same period in 2015. Net loss of $8.0 million, or $0.28 per diluted share, compared to net income of $10.6 million, or $0.35 per diluted share, during the same period last year.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HRI’s strengths can be seen in its better growth, better profitability, strong solvency and robust efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI is increasing to 48.32 with positive bias. We rate HERC Holdings, Inc. (HRI) a STRONG BUY.