Horizon Global Corp (NYSE:HZN) – Stock analysts at Barrington Research dropped their FY2017 EPS estimates for Horizon Global in a research note issued on Friday. Barrington Research analyst M. Gall now forecasts that the company will post earnings of $0.89 per share for the year, down from their prior estimate of $1.07. Barrington Research currently has a “Outperform” rating and a $23.00 price objective on the stock. Barrington Research also issued estimates for Horizon Global’s Q1 2018 earnings at $0.00 EPS.

Horizon Global (NYSE:HZN) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $227.24 million. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The company’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS.

A number of other equities analysts also recently commented on HZN. BMO Capital Markets downgraded Horizon Global from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a report on Tuesday. Roth Capital restated a “buy” rating and issued a $14.00 price objective (down from $24.00) on shares of Horizon Global in a report on Friday, January 26th. ValuEngine upgraded Horizon Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Zacks Investment Research downgraded Horizon Global from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Seaport Global Securities restated a “hold” rating and issued a $10.00 price objective on shares of Horizon Global in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Horizon Global presently has an average rating of “Hold” and a consensus price target of $17.67.

Horizon Global (NYSE:HZN) opened at $8.20 on Monday. The company has a market capitalization of $230.68, a PE ratio of -19.52, a PEG ratio of 0.71 and a beta of 1.63. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Horizon Global has a twelve month low of $8.15 and a twelve month high of $20.09.

Several large investors have recently made changes to their positions in HZN. Schwab Charles Investment Management Inc. raised its holdings in shares of Horizon Global by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,822 shares of the company’s stock valued at $1,104,000 after buying an additional 418 shares during the period. Rhumbline Advisers raised its holdings in shares of Horizon Global by 19.9% during the 2nd quarter. Rhumbline Advisers now owns 27,690 shares of the company’s stock valued at $398,000 after buying an additional 4,605 shares during the period. Teachers Advisors LLC raised its holdings in shares of Horizon Global by 20.3% during the 2nd quarter. Teachers Advisors LLC now owns 44,500 shares of the company’s stock valued at $639,000 after buying an additional 7,512 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Horizon Global by 30.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,535 shares of the company’s stock valued at $984,000 after buying an additional 15,937 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Horizon Global by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 78,513 shares of the company’s stock valued at $1,127,000 after buying an additional 621 shares during the period. Institutional investors and hedge funds own 91.89% of the company’s stock.

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Horizon Global Company Profile

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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