Analysts expect Horizon Global Corp (NYSE:HZN) to post earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Horizon Global’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Horizon Global reported earnings per share of $0.38 in the same quarter last year, which indicates a negative year-over-year growth rate of 68.4%. The business is expected to report its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Horizon Global will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.16. For the next fiscal year, analysts expect that the business will report earnings of $0.53 per share, with EPS estimates ranging from $0.36 to $0.70. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Horizon Global.

Horizon Global (NYSE:HZN) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.15. The firm had revenue of $233.34 million for the quarter, compared to analyst estimates of $232.85 million. Horizon Global had a positive return on equity of 8.57% and a negative net margin of 15.61%.

Several equities research analysts recently weighed in on HZN shares. B. Riley dropped their price target on Horizon Global from $12.50 to $10.50 and set a “buy” rating on the stock in a research report on Monday, June 25th. Roth Capital lifted their price target on Horizon Global from $6.50 to $7.50 and gave the company a “neutral” rating in a research report on Friday, June 22nd. ValuEngine upgraded Horizon Global from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Zacks Investment Research upgraded Horizon Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Bank of America lowered Horizon Global from a “buy” rating to an “underperform” rating and dropped their price target for the company from $10.00 to $5.00 in a research report on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Horizon Global presently has an average rating of “Hold” and a consensus target price of $13.58.

NYSE HZN opened at $7.51 on Wednesday. The company has a debt-to-equity ratio of 20.60, a quick ratio of 0.80 and a current ratio of 1.59. Horizon Global has a twelve month low of $5.13 and a twelve month high of $18.24. The company has a market cap of $186.71 million, a P/E ratio of 24.00, a PEG ratio of 34.32 and a beta of 0.84.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HZN. MetLife Investment Advisors LLC bought a new stake in shares of Horizon Global during the fourth quarter valued at approximately $135,000. Shepherd Kaplan Krochuk LLC purchased a new position in Horizon Global during the first quarter valued at $297,000. Wilen Investment Management CORP. raised its stake in Horizon Global by 202.1% during the first quarter. Wilen Investment Management CORP. now owns 37,461 shares of the company’s stock valued at $300,000 after buying an additional 25,061 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Horizon Global by 168.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 46,322 shares of the company’s stock valued at $382,000 after buying an additional 29,042 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in Horizon Global by 119.1% during the first quarter. Trexquant Investment LP now owns 49,789 shares of the company’s stock valued at $410,000 after buying an additional 27,064 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Horizon Global Company Profile

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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Earnings History and Estimates for Horizon Global (NYSE:HZN)

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