News articles about Horizon Global (NYSE:HZN) have been trending somewhat positive on Monday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Global earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.169774193326 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
HZN has been the topic of several research analyst reports. Bank of America lowered Horizon Global from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 price target on shares of Horizon Global in a research note on Friday, October 13th. Zacks Investment Research lowered Horizon Global from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, ValuEngine raised Horizon Global from a “hold” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Horizon Global currently has a consensus rating of “Hold” and an average target price of $19.83.
Horizon Global (NYSE:HZN) traded down $0.10 during trading hours on Monday, reaching $13.76. The company’s stock had a trading volume of 112,664 shares, compared to its average volume of 352,872. Horizon Global has a 12 month low of $11.80 and a 12 month high of $26.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 0.76. The stock has a market capitalization of $345.64, a P/E ratio of 20.38, a P/E/G ratio of 1.17 and a beta of 1.63.
Horizon Global (NYSE:HZN) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm 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 quarter in the previous year, the business earned $0.30 EPS. equities analysts expect that Horizon Global will post 1.08 EPS for the current year.
In related news, CEO A Mark Zeffiro sold 27,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $16.38, for a total value of $442,260.00. Following the sale, the chief executive officer now owns 238,284 shares in the company, valued at approximately $3,903,091.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.27% of the stock is currently owned by insiders.
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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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