Zacks: Analysts Expect Hertz Global Holdings, Inc (HTZ) Will Announce Earnings of -$0.58 Per Share
Brokerages forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will announce earnings of ($0.58) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hertz Global Holdings’ earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.90). Hertz Global Holdings reported earnings per share of ($0.71) during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The company is expected to issue its next quarterly earnings report on Monday, February 26th.
According to Zacks, analysts expect that Hertz Global Holdings will report full-year earnings of ($1.40) per share for the current year, with EPS estimates ranging from ($1.72) to ($1.15). For the next year, analysts anticipate that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.83) to $0.24. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Hertz Global Holdings.
Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. Hertz Global Holdings’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS.
HTZ has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Hertz Global Holdings in a report on Friday, October 6th. Zacks Investment Research upgraded Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global Holdings in a report on Monday, November 13th. Finally, BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.29.
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Shares of Hertz Global Holdings (HTZ) traded down $0.08 during midday trading on Friday, hitting $18.07. The stock had a trading volume of 1,397,197 shares, compared to its average volume of 6,201,294. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77. Hertz Global Holdings has a 12 month low of $8.52 and a 12 month high of $27.27.
In other news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTZ. Dimensional Fund Advisors LP raised its position in shares of Hertz Global Holdings by 120.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after buying an additional 2,826,922 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Hertz Global Holdings by 44.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock valued at $56,209,000 after purchasing an additional 1,501,599 shares in the last quarter. Formula Growth Ltd. raised its position in Hertz Global Holdings by 550.9% during the second quarter. Formula Growth Ltd. now owns 1,627,293 shares of the transportation company’s stock valued at $18,714,000 after purchasing an additional 1,377,293 shares in the last quarter. Glenview Capital Management LLC raised its position in Hertz Global Holdings by 30.9% during the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after purchasing an additional 1,350,000 shares in the last quarter. Finally, OZ Management LP acquired a new position in Hertz Global Holdings during the second quarter valued at approximately $15,397,000.
Hertz Global Holdings Company Profile
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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