Seaport Global Securities Weighs in on Horizon Global Corp’s Q4 2017 Earnings (HZN)

Horizon Global Corp (NYSE:HZN) – Stock analysts at Seaport Global Securities issued their Q4 2017 earnings estimates for shares of Horizon Global in a note issued to investors on Thursday. Seaport Global Securities analyst W. Liptak anticipates that the company will post earnings per share of ($0.15) for the quarter. Seaport Global Securities has a “Hold” rating and a $10.00 price target on the stock. Seaport Global Securities also issued estimates for Horizon Global’s Q1 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.00 EPS.

A number of other research firms have also weighed in on HZN. BMO Capital Markets reissued a “buy” rating and issued a $20.00 price objective on shares of Horizon Global in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Horizon Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Barrington Research reaffirmed an “outperform” rating and set a $23.00 price target on shares of Horizon Global in a research report on Tuesday, December 19th. Finally, Roth Capital set a $24.00 price target on shares of Horizon Global and gave the stock a “buy” rating in a research report on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.67.

Horizon Global (HZN) opened at $8.20 on Monday. 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 firm has a market cap of $230.68, a P/E ratio of -19.52, a PEG ratio of 0.71 and a beta of 1.63. Horizon Global has a 52-week low of $8.15 and a 52-week high of $20.09.

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

A number of hedge funds have recently modified their holdings of the stock. Perritt Capital Management Inc. increased its position in Horizon Global by 92.9% during the fourth quarter. Perritt Capital Management Inc. now owns 194,102 shares of the company’s stock worth $2,721,000 after purchasing an additional 93,500 shares during the last quarter. Northpointe Capital LLC increased its position in Horizon Global by 25.9% during the fourth quarter. Northpointe Capital LLC now owns 1,070,443 shares of the company’s stock worth $15,008,000 after purchasing an additional 219,992 shares during the last quarter. GW&K Investment Management LLC increased its position in Horizon Global by 4.0% during the fourth quarter. GW&K Investment Management LLC now owns 704,071 shares of the company’s stock worth $9,871,000 after purchasing an additional 27,026 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Horizon Global by 7.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 96,168 shares of the company’s stock worth $1,349,000 after purchasing an additional 6,999 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its position in Horizon Global by 75.3% during the fourth quarter. Wasatch Advisors Inc. now owns 177,212 shares of the company’s stock worth $2,485,000 after purchasing an additional 76,104 shares during the last quarter. 91.89% of the stock is owned by hedge funds and other institutional investors.

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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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