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4-Traders Homepage  >  Equities  >  Nyse  >  Herc Holdings Inc    HRI

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Herc : Hertz Price Dips with Q3 Expectations Surpassed

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11/10/2017 | 09:59pm CET
Hertz Global Holdings, Inc (NYSE: HTZ) shares finished negative Friday as the company posted better-than-expected earnings for its third quarter on Thursday. The company, based in Estero, Florida, reported Q3 2017 net income from continuing operations of $93 million, or $1.12 per diluted share, compared with net income from continuing operations of $44 million, or $0.52 per diluted share, during the third quarter 2016. On an adjusted basis, the Company reported net income for the third quarter 2017 of $118 million, or $1.42 per diluted share, compared with net income of $134 million, or $1.58 per diluted share, for the same period last year. Total revenues for the third quarter 2017 were $2.6 billion, a 1% increase versus the third quarter 2016. Income from continuing operations before income taxes for third quarter 2017 was $143 million versus income of $108 million in the same period last year. Adjusted Corporate EBITDA for the third quarter 2017 was $321 million, compared to $329 million in the same period last year. Hertz CEO Kathryn Marinello said, “Our operating turnaround plan, focused on growth through enhanced fleet, service, brands and technology, is showing encouraging progress, evidence that Hertz is on the right strategic path. "While there is still a lot of work ahead of us, in the third quarter, we benefited from continued improvements in our fleet offering, expansion of our Ultimate Choice program, and a strategic focus on optimizing revenue management. Share prices capsized just minutes before Friday’s closing bell by 26 cents, or 1.3%, to $19.75

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Financials ($)
Sales 2017 5 469 M
EBIT 2017 695 M
Net income 2017 502 M
Debt 2017 2 614 M
Yield 2017 -
P/E ratio 2017 11,84
P/E ratio 2018 81,62
EV / Sales 2017 0,77x
EV / Sales 2018 1,10x
Capitalization 1 598 M
Chart HERC HOLDINGS INC
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Herc Holdings Inc Technical Analysis Chart | HRI | US42704L1044 | 4-Traders
Technical analysis trends HERC HOLDINGS INC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 61,0 $
Spread / Average Target 8,3%
EPS Revisions
Managers
NameTitle
Lawrence H. Silber President, Chief Executive Officer & Director
Herbert L. Henkel Non-Executive Chairman
James Bruce Dressel Chief Operating Officer & Senior Vice President
Barbara L. Brasier Chief Financial Officer & Senior Vice President
Richard F. Marani Chief Information Officer & Senior Vice President
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