Wall Street analysts expect Horizon Global (NYSE:HZN) to report $212.76 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Horizon Global’s earnings, with the highest sales estimate coming in at $216.00 million and the lowest estimate coming in at $210.00 million. Horizon Global reported sales of $203.28 million in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Horizon Global will report full-year sales of $212.76 million for the current fiscal year, with estimates ranging from $920.00 million to $1.00 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.00 billion per share, with estimates ranging from $942.00 million to $1.11 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Horizon Global.
Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Thursday, March 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The company had revenue of $196.00 million for the quarter, compared to analysts’ expectations of $194.59 million. Horizon Global had a positive return on equity of 17.35% and a negative net margin of 0.40%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.37) earnings per share.
Several research analysts have issued reports on the company. Zacks Investment Research raised Horizon Global from a “strong sell” rating to a “hold” rating in a report on Thursday, March 29th. Seaport Global Securities reaffirmed a “hold” rating and issued a $10.00 price target on shares of Horizon Global in a report on Thursday, January 25th. Bank of America raised Horizon Global from an “underperform” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, February 7th. ValuEngine raised Horizon Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Finally, TheStreet cut Horizon Global from a “c-” rating to a “d” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Horizon Global presently has an average rating of “Hold” and a consensus target price of $17.67.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Horizon Global by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,546,801 shares of the company’s stock valued at $21,686,000 after purchasing an additional 25,400 shares during the period. Northpointe Capital LLC raised its stake in Horizon Global by 25.9% during the 4th quarter. Northpointe Capital LLC now owns 1,070,443 shares of the company’s stock valued at $15,008,000 after purchasing an additional 219,992 shares during the period. Dimensional Fund Advisors LP raised its stake in Horizon Global by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,021,346 shares of the company’s stock valued at $18,017,000 after purchasing an additional 29,724 shares during the period. Clearbridge LLC raised its stake in Horizon Global by 10.3% during the 4th quarter. Clearbridge LLC now owns 819,336 shares of the company’s stock valued at $11,487,000 after purchasing an additional 76,400 shares during the period. Finally, Millennium Management LLC raised its stake in Horizon Global by 276.8% during the 4th quarter. Millennium Management LLC now owns 817,279 shares of the company’s stock valued at $11,458,000 after purchasing an additional 600,388 shares during the period. 89.68% of the stock is currently owned by institutional investors.
Shares of NYSE HZN traded down $0.04 during trading on Friday, hitting $7.94. The company had a trading volume of 151,957 shares, compared to its average volume of 425,949. The stock has a market capitalization of $197.61, a P/E ratio of 8.12, a P/E/G ratio of 0.94 and a beta of 0.73. Horizon Global has a 52 week low of $7.69 and a 52 week high of $19.26. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.63 and a current ratio of 1.46.
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Horizon Global Company Profile
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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