Wall Street analysts expect Hertz Global Holdings, Inc (NYSE:HTZ) to report sales of $2.55 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hertz Global Holdings’ earnings, with the highest sales estimate coming in at $2.59 billion and the lowest estimate coming in at $2.50 billion. Hertz Global Holdings posted sales of $2.54 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The firm is expected to announce its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that Hertz Global Holdings will report full-year sales of $2.55 billion for the current fiscal year, with estimates ranging from $8.66 billion to $8.82 billion. For the next year, analysts expect that the business will post sales of $8.99 billion per share, with estimates ranging from $8.85 billion to $9.09 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Hertz Global Holdings.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.51). The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. 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 research report on Friday, October 6th. Morgan Stanley lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $12.00 to $14.00 in a research report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Hertz Global Holdings in a research report on Thursday, September 7th. Finally, ValuEngine upgraded Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.88.

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In other news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was 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 SEC, which is accessible through this link. 0.33% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Glenview Capital Management LLC raised its position in shares of 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 worth $65,721,000 after purchasing an additional 1,350,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hertz Global Holdings by 120.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock worth $59,548,000 after purchasing an additional 2,826,922 shares during the period. Gamco Investors INC. ET AL raised its position in shares of 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 worth $56,209,000 after purchasing an additional 1,501,599 shares during the period. Vanguard Group Inc. raised its position in shares of Hertz Global Holdings by 6.0% during the second quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock worth $55,325,000 after purchasing an additional 272,574 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Hertz Global Holdings by 71.7% during the second quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock worth $30,210,000 after purchasing an additional 1,097,060 shares during the period.

Hertz Global Holdings (NYSE:HTZ) traded down 3.34% on Thursday, reaching $24.59. The company’s stock had a trading volume of 5,155,144 shares. Hertz Global Holdings has a 52-week low of $8.52 and a 52-week high of $35.75. The firm’s market capitalization is $2.06 billion. The firm has a 50-day moving average price of $23.94 and a 200 day moving average price of $23.94.

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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