Wall Street analysts forecast that Horizon Global (NYSE:HZN) will announce earnings per share of $0.58 for the current quarter, Zacks reports. Five analysts have made estimates for Horizon Global’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.45. Horizon Global reported earnings of $0.84 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 31%. The firm is scheduled to issue its next earnings results on Tuesday, August 7th.
On average, analysts expect that Horizon Global will report full-year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.00. For the next fiscal year, analysts forecast that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.07 to $1.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Horizon Global.
Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Thursday, May 3rd. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.17). The company had revenue of $216.80 million for the quarter, compared to analyst estimates of $212.66 million. Horizon Global had a negative net margin of 5.65% and a positive return on equity of 15.81%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) EPS.
Several research analysts recently issued reports on HZN shares. B. Riley started coverage on shares of Horizon Global in a research report on Friday, April 13th. They issued a “buy” rating and a $12.50 price target for the company. Roth Capital reissued a “buy” rating and issued a $14.00 price target (down previously from $24.00) on shares of Horizon Global in a research report on Friday, January 26th. Bank of America raised shares of Horizon Global from an “underperform” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, February 7th. ValuEngine lowered shares of Horizon Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered shares of Horizon Global from a “c-” rating to a “d” rating in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.93.
Shares of Horizon Global traded down $0.35, reaching $5.32, during trading hours on Thursday, according to Marketbeat.com. 49,153 shares of the company traded hands, compared to its average volume of 377,401. Horizon Global has a 1-year low of $5.15 and a 1-year high of $5.63. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.71 and a current ratio of 1.53. The firm has a market capitalization of $142.32 million, a P/E ratio of 5.42, a P/E/G ratio of 1.01 and a beta of 0.75.
Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake 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 buying an additional 6,999 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Horizon Global during the fourth quarter worth about $135,000. Wilen Investment Management CORP. grew its stake in Horizon Global by 202.1% during the first quarter. Wilen Investment Management CORP. now owns 37,461 shares of the company’s stock worth $300,000 after buying an additional 25,061 shares during the last quarter. BlackRock Inc. grew its stake in Horizon Global by 1.7% during the fourth quarter. BlackRock Inc. now owns 1,546,801 shares of the company’s stock worth $21,686,000 after buying an additional 25,400 shares during the last quarter. Finally, GW&K Investment Management LLC grew its stake 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 buying an additional 27,026 shares during the last quarter. 85.56% of the stock is owned by hedge funds and other institutional investors.
About Horizon Global
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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