Intrinsic value of Herc Holdings - HRI

Previous Close

$37.42

  Intrinsic Value

$7.65

stock screener

  Rating & Target

str. sell

-80%

Previous close

$37.42

 
Intrinsic value

$7.65

 
Up/down potential

-80%

 
Rating

str. sell

We calculate the intrinsic value of HRI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  16.80
  15.62
  14.56
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
Revenue, $m
  2,049
  2,369
  2,714
  3,083
  3,476
  3,892
  4,331
  4,792
  5,275
  5,780
  6,307
  6,856
  7,427
  8,021
  8,639
  9,281
  9,948
  10,641
  11,361
  12,110
  12,890
  13,700
  14,545
  15,424
  16,340
  17,296
  18,293
  19,333
  20,419
  21,553
Variable operating expenses, $m
  1,938
  2,235
  2,555
  2,898
  3,262
  3,648
  4,055
  4,483
  4,931
  5,399
  5,850
  6,360
  6,890
  7,441
  8,014
  8,609
  9,228
  9,871
  10,539
  11,234
  11,957
  12,709
  13,492
  14,308
  15,158
  16,044
  16,969
  17,934
  18,941
  19,993
Fixed operating expenses, $m
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
Total operating expenses, $m
  1,937
  2,234
  2,554
  2,897
  3,261
  3,647
  4,054
  4,482
  4,930
  5,398
  5,849
  6,359
  6,889
  7,440
  8,013
  8,608
  9,227
  9,870
  10,537
  11,232
  11,955
  12,707
  13,490
  14,306
  15,156
  16,042
  16,967
  17,932
  18,939
  19,991
Operating income, $m
  112
  135
  160
  187
  215
  245
  277
  310
  345
  382
  458
  497
  539
  582
  627
  673
  721
  772
  824
  878
  934
  993
  1,054
  1,118
  1,184
  1,253
  1,326
  1,401
  1,480
  1,562
EBITDA, $m
  619
  715
  819
  930
  1,049
  1,174
  1,306
  1,445
  1,591
  1,743
  1,902
  2,068
  2,240
  2,419
  2,605
  2,798
  2,999
  3,208
  3,426
  3,651
  3,886
  4,131
  4,385
  4,650
  4,926
  5,214
  5,515
  5,828
  6,156
  6,498
Interest expense (income), $m
  71
  143
  176
  211
  248
  288
  331
  377
  425
  475
  528
  583
  640
  700
  763
  828
  895
  965
  1,038
  1,113
  1,192
  1,274
  1,359
  1,448
  1,540
  1,636
  1,736
  1,840
  1,949
  2,062
  2,181
Earnings before tax, $m
  -32
  -41
  -51
  -61
  -73
  -86
  -100
  -114
  -130
  -146
  -125
  -143
  -161
  -181
  -201
  -222
  -244
  -266
  -290
  -314
  -340
  -366
  -393
  -422
  -451
  -482
  -514
  -548
  -583
  -619
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -32
  -41
  -51
  -61
  -73
  -86
  -100
  -114
  -130
  -146
  -125
  -143
  -161
  -181
  -201
  -222
  -244
  -266
  -290
  -314
  -340
  -366
  -393
  -422
  -451
  -482
  -514
  -548
  -583
  -619

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,148
  4,796
  5,494
  6,242
  7,037
  7,879
  8,767
  9,701
  10,678
  11,701
  12,767
  13,878
  15,035
  16,237
  17,487
  18,787
  20,137
  21,540
  22,998
  24,515
  26,092
  27,734
  29,443
  31,223
  33,078
  35,012
  37,029
  39,135
  41,333
  43,630
Adjusted assets (=assets-cash), $m
  4,148
  4,796
  5,494
  6,242
  7,037
  7,879
  8,767
  9,701
  10,678
  11,701
  12,767
  13,878
  15,035
  16,237
  17,487
  18,787
  20,137
  21,540
  22,998
  24,515
  26,092
  27,734
  29,443
  31,223
  33,078
  35,012
  37,029
  39,135
  41,333
  43,630
Revenue / Adjusted assets
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
Average production assets, $m
  3,332
  3,853
  4,413
  5,014
  5,653
  6,329
  7,042
  7,792
  8,577
  9,398
  10,255
  11,148
  12,076
  13,042
  14,047
  15,090
  16,175
  17,302
  18,473
  19,691
  20,958
  22,277
  23,650
  25,080
  26,570
  28,123
  29,744
  31,435
  33,201
  35,045
Working capital, $m
  197
  227
  261
  296
  334
  374
  416
  460
  506
  555
  605
  658
  713
  770
  829
  891
  955
  1,022
  1,091
  1,163
  1,237
  1,315
  1,396
  1,481
  1,569
  1,660
  1,756
  1,856
  1,960
  2,069
Total debt, $m
  2,787
  3,342
  3,939
  4,579
  5,260
  5,981
  6,741
  7,540
  8,377
  9,252
  10,165
  11,116
  12,106
  13,135
  14,205
  15,317
  16,473
  17,674
  18,923
  20,221
  21,571
  22,976
  24,439
  25,963
  27,551
  29,206
  30,933
  32,736
  34,617
  36,583
Total liabilities, $m
  3,551
  4,106
  4,703
  5,343
  6,024
  6,745
  7,505
  8,304
  9,141
  10,016
  10,929
  11,880
  12,870
  13,899
  14,969
  16,081
  17,237
  18,438
  19,687
  20,985
  22,335
  23,740
  25,203
  26,727
  28,315
  29,970
  31,697
  33,500
  35,381
  37,347
Total equity, $m
  597
  691
  791
  899
  1,013
  1,135
  1,263
  1,397
  1,538
  1,685
  1,838
  1,998
  2,165
  2,338
  2,518
  2,705
  2,900
  3,102
  3,312
  3,530
  3,757
  3,994
  4,240
  4,496
  4,763
  5,042
  5,332
  5,635
  5,952
  6,283
Total liabilities and equity, $m
  4,148
  4,797
  5,494
  6,242
  7,037
  7,880
  8,768
  9,701
  10,679
  11,701
  12,767
  13,878
  15,035
  16,237
  17,487
  18,786
  20,137
  21,540
  22,999
  24,515
  26,092
  27,734
  29,443
  31,223
  33,078
  35,012
  37,029
  39,135
  41,333
  43,630
Debt-to-equity ratio
  4.670
  4.840
  4.980
  5.090
  5.190
  5.270
  5.340
  5.400
  5.450
  5.490
  5.530
  5.560
  5.590
  5.620
  5.640
  5.660
  5.680
  5.700
  5.710
  5.730
  5.740
  5.750
  5.760
  5.770
  5.780
  5.790
  5.800
  5.810
  5.820
  5.820
Adjusted equity ratio
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -32
  -41
  -51
  -61
  -73
  -86
  -100
  -114
  -130
  -146
  -125
  -143
  -161
  -181
  -201
  -222
  -244
  -266
  -290
  -314
  -340
  -366
  -393
  -422
  -451
  -482
  -514
  -548
  -583
  -619
Depreciation, amort., depletion, $m
  507
  580
  659
  744
  834
  929
  1,029
  1,135
  1,246
  1,361
  1,444
  1,570
  1,701
  1,837
  1,978
  2,125
  2,278
  2,437
  2,602
  2,773
  2,952
  3,138
  3,331
  3,532
  3,742
  3,961
  4,189
  4,427
  4,676
  4,936
Funds from operations, $m
  475
  540
  609
  682
  760
  843
  930
  1,021
  1,116
  1,216
  1,319
  1,427
  1,539
  1,656
  1,777
  1,903
  2,034
  2,171
  2,312
  2,459
  2,612
  2,772
  2,938
  3,111
  3,291
  3,479
  3,675
  3,880
  4,093
  4,317
Change in working capital, $m
  28
  31
  33
  35
  38
  40
  42
  44
  46
  48
  51
  53
  55
  57
  59
  62
  64
  67
  69
  72
  75
  78
  81
  84
  88
  92
  96
  100
  104
  109
Cash from operations, $m
  447
  509
  575
  647
  723
  803
  888
  977
  1,070
  1,167
  1,269
  1,374
  1,485
  1,599
  1,718
  1,842
  1,970
  2,104
  2,243
  2,387
  2,538
  2,694
  2,857
  3,026
  3,203
  3,387
  3,579
  3,780
  3,989
  4,208
Maintenance CAPEX, $m
  -402
  -469
  -543
  -622
  -706
  -796
  -891
  -992
  -1,097
  -1,208
  -1,324
  -1,444
  -1,570
  -1,701
  -1,837
  -1,978
  -2,125
  -2,278
  -2,437
  -2,602
  -2,773
  -2,952
  -3,138
  -3,331
  -3,532
  -3,742
  -3,961
  -4,189
  -4,427
  -4,676
New CAPEX, $m
  -478
  -520
  -561
  -600
  -639
  -676
  -713
  -750
  -785
  -821
  -857
  -892
  -929
  -966
  -1,004
  -1,044
  -1,084
  -1,127
  -1,172
  -1,218
  -1,267
  -1,319
  -1,373
  -1,430
  -1,490
  -1,554
  -1,621
  -1,691
  -1,766
  -1,845
Cash from investing activities, $m
  -880
  -989
  -1,104
  -1,222
  -1,345
  -1,472
  -1,604
  -1,742
  -1,882
  -2,029
  -2,181
  -2,336
  -2,499
  -2,667
  -2,841
  -3,022
  -3,209
  -3,405
  -3,609
  -3,820
  -4,040
  -4,271
  -4,511
  -4,761
  -5,022
  -5,296
  -5,582
  -5,880
  -6,193
  -6,521
Free cash flow, $m
  -433
  -481
  -528
  -575
  -622
  -670
  -717
  -765
  -813
  -862
  -912
  -962
  -1,014
  -1,068
  -1,123
  -1,180
  -1,239
  -1,301
  -1,365
  -1,433
  -1,503
  -1,577
  -1,654
  -1,735
  -1,820
  -1,909
  -2,002
  -2,101
  -2,204
  -2,313
Issuance/(repayment) of debt, $m
  512
  555
  598
  640
  681
  721
  760
  799
  837
  875
  913
  951
  990
  1,029
  1,070
  1,112
  1,156
  1,201
  1,248
  1,298
  1,350
  1,405
  1,463
  1,524
  1,588
  1,656
  1,727
  1,802
  1,882
  1,966
Issuance/(repurchase) of shares, $m
  118
  134
  151
  169
  188
  207
  228
  249
  270
  293
  279
  303
  328
  354
  381
  409
  438
  468
  500
  533
  567
  602
  639
  678
  719
  761
  805
  851
  899
  950
Cash from financing (excl. dividends), $m  
  630
  689
  749
  809
  869
  928
  988
  1,048
  1,107
  1,168
  1,192
  1,254
  1,318
  1,383
  1,451
  1,521
  1,594
  1,669
  1,748
  1,831
  1,917
  2,007
  2,102
  2,202
  2,307
  2,417
  2,532
  2,653
  2,781
  2,916
Total cash flow (excl. dividends), $m
  197
  208
  221
  234
  246
  259
  271
  282
  294
  306
  280
  292
  304
  316
  328
  341
  354
  368
  383
  398
  414
  431
  449
  467
  487
  508
  530
  553
  577
  603
Retained Cash Flow (-), $m
  -118
  -134
  -151
  -169
  -188
  -207
  -228
  -249
  -270
  -293
  -279
  -303
  -328
  -354
  -381
  -409
  -438
  -468
  -500
  -533
  -567
  -602
  -639
  -678
  -719
  -761
  -805
  -851
  -899
  -950
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  78
  74
  70
  65
  58
  51
  43
  34
  24
  13
  1
  -11
  -24
  -38
  -53
  -68
  -84
  -100
  -117
  -135
  -153
  -171
  -191
  -211
  -232
  -253
  -275
  -298
  -322
  -347
Discount rate, %
  11.10
  11.66
  12.24
  12.85
  13.49
  14.17
  14.88
  15.62
  16.40
  17.22
  18.08
  18.98
  19.93
  20.93
  21.98
  23.08
  24.23
  25.44
  26.71
  28.05
  29.45
  30.92
  32.47
  34.09
  35.80
  37.59
  39.47
  41.44
  43.51
  45.69
PV of cash for distribution, $m
  71
  59
  49
  40
  31
  23
  16
  11
  6
  3
  0
  -1
  -2
  -3
  -3
  -2
  -2
  -2
  -1
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  90.0
  81.3
  73.6
  66.7
  60.7
  55.3
  50.4
  46.1
  42.2
  38.6
  35.8
  33.2
  30.8
  28.5
  26.5
  24.6
  22.8
  21.1
  19.6
  18.2
  16.9
  15.7
  14.6
  13.6
  12.6
  11.7
  10.9
  10.1
  9.4
  8.7

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. It operates through its Herc Rentals Inc. subsidiary. Its equipment rental business is supported by ProSolutions, its industry-specific solutions-based services, and its ProContractor Tools line. The ProContractor equipment line includes a range of tools, such as air compressors and tool, climate control, plumbing, care and surface preparation. The ProSolutions Industrial Services is a global operation providing an industrial line of products and services, including mobile tool rooms and asset management systems.

FINANCIAL RATIOS  of  Herc Holdings (HRI)

Valuation Ratios
P/E Ratio -52.9
Price to Sales 0.7
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 2.4
Price to Free Cash Flow -12.8
Growth Rates
Sales Growth Rate -7.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -23.8%
Cap. Spend. - 3 Yr. Gr. Rate -6.8%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 684.9%
Total Debt to Equity 689.9%
Interest Coverage 1
Management Effectiveness
Return On Assets 7.7%
Ret/ On Assets - 3 Yr. Avg. 5%
Return On Total Capital -0.8%
Ret/ On T. Cap. - 3 Yr. Avg. 2.3%
Return On Equity -1.5%
Return On Equity - 3 Yr. Avg. 3%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 45.4%
Gross Margin - 3 Yr. Avg. 44.9%
EBITDA Margin 29.6%
EBITDA Margin - 3 Yr. Avg. 33.8%
Operating Margin 5.3%
Oper. Margin - 3 Yr. Avg. 7.7%
Pre-Tax Margin -0.3%
Pre-Tax Margin - 3 Yr. Avg. 5.7%
Net Profit Margin -1.3%
Net Profit Margin - 3 Yr. Avg. 3.5%
Effective Tax Rate -300%
Eff/ Tax Rate - 3 Yr. Avg. -77.6%
Payout Ratio 0%

HRI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HRI stock intrinsic value calculation we used $1754.5 million for the last fiscal year's total revenue generated by Herc Holdings. The default revenue input number comes from 0001 income statement of Herc Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our HRI stock valuation model: a) initial revenue growth rate of 16.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.1%, whose default value for HRI is calculated based on our internal credit rating of Herc Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Herc Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of HRI stock the variable cost ratio is equal to 94.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $-1 million in the base year in the intrinsic value calculation for HRI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.3% for Herc Holdings.

Corporate tax rate of 27% is the nominal tax rate for Herc Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the HRI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for HRI are equal to 162.6%.

Life of production assets of 7.1 years is the average useful life of capital assets used in Herc Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for HRI is equal to 9.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $510.4 million for Herc Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 28.479 million for Herc Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Herc Holdings at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
CAR Avis Budget Gr 31.04 31.07  hold
URI United Rentals 118.50 258.57  str.buy

COMPANY NEWS

▶ 3 Stocks Move Thursday   [Nov-08-18 04:20PM  GuruFocus.com]
▶ Herc Holdings: 3Q Earnings Snapshot   [06:45AM  Associated Press]
▶ Herc Holdings: 2Q Earnings Snapshot   [Aug-08-18 06:59AM  Associated Press]
▶ Herc Holdings: 1Q Earnings Snapshot   [May-09-18 07:03AM  Associated Press]
▶ Herc Holdings Reports First Quarter Results   [06:30AM  Business Wire]
▶ Herc Holdings to Hold First Quarter 2018 Earnings Webcast   [Apr-25-18 08:00AM  Business Wire]
▶ Herc Holdings CFO retires for personal reasons   [Mar-27-18 08:48AM  MarketWatch]
▶ Herc Holdings to Present at Evercore Industrials Conference   [Mar-02-18 04:30PM  Business Wire]
▶ Herc Holdings posts 4Q profit   [Feb-28-18 06:55AM  Associated Press]
▶ Is Herc Holdings Incs (NYSE:HRI) CEO Pay Fair?   [Dec-14-17 05:35PM  Simply Wall St.]
▶ Expect Huge Travel Sales On Cyber Monday 2017   [Nov-21-17 09:58AM  Forbes]
▶ Herc Holdings posts 3Q profit   [Nov-08-17 07:22AM  Associated Press]
▶ Herc Holdings to Hold Third Quarter 2017 Earnings Webcast   [Oct-25-17 08:00AM  Business Wire]
▶ Stocks With Rising Relative Price Strength: Herc   [Sep-14-17 03:00AM  Investor's Business Daily]
▶ Herc Holdings reports 2Q loss   [Aug-08-17 10:11PM  Associated Press]
▶ Herc Holdings to Hold Second Quarter 2017 Earnings Webcast   [Jul-25-17 08:00AM  Business Wire]
▶ ETFs with exposure to Herc Holdings, Inc. : July 24, 2017   [Jul-24-17 04:32PM  Capital Cube]
▶ ETFs with exposure to Herc Holdings, Inc. : July 14, 2017   [Jul-14-17 02:56PM  Capital Cube]
▶ Hertz's EBITDA May Bottom In Q2   [Jul-06-17 04:06PM  Benzinga]
▶ Time to Buy Hertz at an 8-Year Low?   [May-26-17 12:29PM  Investopedia]
▶ Herc Holdings to Present at Multiple Upcoming Conferences   [May-17-17 04:45PM  Business Wire]
▶ Herc Holdings reports 1Q loss   [10:21AM  Associated Press]
▶ Herc Holdings Reports First Quarter Results   [06:30AM  Business Wire]
▶ Herc Holdings to Hold First Quarter 2017 Earnings Webcast   [Apr-26-17 08:30AM  Business Wire]
▶ Herc Holdings reports 4Q loss   [06:46AM  Associated Press]

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