Equities research analysts expect Horizon Global Corp (NYSE:HZN) to post earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Horizon Global’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. Horizon Global reported earnings per share of ($0.37) in the same quarter last year, which suggests a positive year over year growth rate of 102.7%. The company is scheduled to report its next earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Horizon Global will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts anticipate that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.23 to $1.43. Zacks’ EPS averages are an average based on a survey of research analysts that follow Horizon Global.
Horizon Global (NYSE:HZN) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $227.24 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 58.3% compared to the same quarter last year.
A number of equities research analysts have issued reports on HZN shares. Roth Capital set a $24.00 price objective on Horizon Global and gave the company a “buy” rating in a research report on Saturday, December 16th. ValuEngine upgraded Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets restated a “buy” rating and set a $20.00 price objective on shares of Horizon Global in a research report on Friday, October 13th. Zacks Investment Research upgraded Horizon Global from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Finally, Barrington Research restated an “outperform” rating and set a $23.00 price objective on shares of Horizon Global in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.33.
Hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC purchased a new stake in shares of Horizon Global in the second quarter worth approximately $159,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Horizon Global in the second quarter worth approximately $186,000. Suntrust Banks Inc. raised its holdings in shares of Horizon Global by 8.4% in the second quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock worth $188,000 after buying an additional 1,025 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Horizon Global in the third quarter worth approximately $199,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Horizon Global in the second quarter worth approximately $222,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.
Shares of Horizon Global (HZN) traded down $0.09 during mid-day trading on Thursday, reaching $13.08. The company’s stock had a trading volume of 290,000 shares, compared to its average volume of 228,329. Horizon Global has a fifty-two week low of $11.80 and a fifty-two week high of $22.89. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62. The stock has a market capitalization of $337.41 and a P/E ratio of -30.42.
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About Horizon Global
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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