Localiza Rent a Car (OTCMKTS:LZRFY) Announces Earnings Results, Beats Expectations By $0.04 EPS

Localiza Rent a Car (OTCMKTS:LZRFY) posted its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04, Zacks reports.

Localiza Rent a Car Stock Down 2.2%

LZRFY traded down $0.20 on Thursday, reaching $8.77. The company had a trading volume of 15,015 shares, compared to its average volume of 42,545. Localiza Rent a Car has a fifty-two week low of $5.98 and a fifty-two week high of $11.76. The company’s fifty day moving average is $9.42 and its 200 day moving average is $9.04.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Localiza Rent a Car to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Localiza Rent a Car Company Profile

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.