Analysts forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will announce earnings of ($0.58) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Hertz Global’s earnings, with the lowest EPS estimate coming in at ($0.90) and the highest estimate coming in at ($0.33). Hertz Global 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 business is scheduled to report its next quarterly earnings results on Monday, February 26th.
According to Zacks, analysts expect that Hertz Global will report full year earnings of ($1.40) per share for the current fiscal year, with EPS estimates ranging from ($1.72) to ($1.15). For the next fiscal year, analysts forecast that the business will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.83) to $0.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Hertz Global.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.58 EPS.
A number of research firms have recently issued reports on HTZ. Macquarie upgraded shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Morgan Stanley reduced their price target on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 15th. Finally, Northcoast Research restated a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Hertz Global presently has an average rating of “Hold” and an average price target of $17.29.
Hertz Global (NYSE:HTZ) traded up $1.37 during trading on Monday, hitting $22.43. 8,082,204 shares of the stock were exchanged, compared to its average volume of 3,432,675. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77. Hertz Global has a one year low of $8.52 and a one year high of $27.27. The company has a market cap of $1,760.00 and a P/E ratio of -2.58.
Several institutional investors have recently bought and sold shares of HTZ. Schwab Charles Investment Management Inc. lifted its position in Hertz Global by 132.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 450,585 shares of the transportation company’s stock valued at $5,182,000 after purchasing an additional 256,804 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Hertz Global in the 2nd quarter valued at about $993,000. Private Advisor Group LLC bought a new stake in Hertz Global in the 2nd quarter valued at about $235,000. Wells Fargo & Company MN lifted its position in Hertz Global by 71.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock valued at $30,210,000 after purchasing an additional 1,097,060 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in Hertz Global by 94.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 100,380 shares of the transportation company’s stock valued at $1,154,000 after purchasing an additional 48,664 shares during the last quarter.
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About Hertz Global
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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