Brokerages Anticipate Hertz Global Holdings, Inc (HTZ) to Post $1.44 Earnings Per Share
Equities analysts predict that Hertz Global Holdings, Inc (NYSE:HTZ) will report earnings per share (EPS) of $1.44 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hertz Global Holdings’ earnings. The lowest EPS estimate is $1.32 and the highest is $1.55. Hertz Global Holdings reported earnings per share of $1.58 during the same quarter last year, which indicates a negative year over year growth rate of 8.9%. The company is scheduled to announce its next earnings report after the market closes on Thursday, November 9th.
According to Zacks, analysts expect that Hertz Global Holdings will report full-year earnings of ($1.16) per share for the current financial year, with EPS estimates ranging from ($1.24) to ($1.02). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.12 to $0.81. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Hertz Global Holdings.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.51). Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year.
HTZ has been the subject of several recent research reports. Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Deutsche Bank AG reiterated a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Hertz Global Holdings in a report on Friday, October 6th. ValuEngine upgraded shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $17.34 to $9.00 in a report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Hertz Global Holdings has a consensus rating of “Hold” and an average price target of $17.43.
Hertz Global Holdings (NYSE HTZ) traded up $0.05 during mid-day trading on Friday, hitting $20.99. 3,564,068 shares of the stock traded hands, compared to its average volume of 3,247,581. Hertz Global Holdings has a 1 year low of $8.52 and a 1 year high of $35.75. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 22.23.
In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of HTZ. Crow Point Partners LLC bought a new stake in shares of Hertz Global Holdings during the 3rd quarter valued at $112,000. BlueCrest Capital Management Ltd bought a new stake in shares of Hertz Global Holdings during the 2nd quarter valued at $147,000. Suntrust Banks Inc. grew its position in shares of Hertz Global Holdings by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 285 shares during the period. Caxton Associates LP bought a new stake in shares of Hertz Global Holdings during the 2nd quarter valued at $199,000. Finally, Karp Capital Management Corp bought a new stake in shares of Hertz Global Holdings during the 1st quarter valued at $211,000.
About Hertz Global Holdings
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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