Analysts expect Horizon Global Corp (NYSE:HZN) to announce sales of $261.84 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Horizon Global’s earnings. The lowest sales estimate is $253.90 million and the highest is $268.00 million. Horizon Global reported sales of $253.59 million during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is scheduled to report its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Horizon Global will report full-year sales of $964.92 million for the current fiscal year, with estimates ranging from $921.20 million to $1.01 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.03 billion per share, with estimates ranging from $943.20 million to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Horizon Global.
Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Thursday, May 3rd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.17). The business had revenue of $216.80 million during 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 revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) earnings per share.
HZN has been the topic of a number of recent analyst reports. TheStreet downgraded Horizon Global from a “c-” rating to a “d” rating in a research note on Monday, February 26th. Zacks Investment Research raised Horizon Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 29th. ValuEngine downgraded Horizon Global from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. B. Riley started coverage on Horizon Global in a research note on Friday, April 13th. They issued a “buy” rating and a $12.50 price objective on the stock. Finally, Roth Capital downgraded Horizon Global from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $7.00 in a research note on Friday, May 4th. Three 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.93.
A number of hedge funds have recently bought and sold shares of HZN. 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 worth $11,458,000 after buying an additional 600,388 shares during the period. Kennedy Capital Management Inc. raised its stake in Horizon Global by 364.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 292,278 shares of the company’s stock worth $4,098,000 after buying an additional 229,388 shares during the period. Royal Bank of Canada raised its stake in Horizon Global by 17.9% during the 1st quarter. Royal Bank of Canada now owns 1,363,966 shares of the company’s stock worth $11,239,000 after buying an additional 206,932 shares during the period. Dimensional Fund Advisors LP raised its stake in Horizon Global by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,558 shares of the company’s stock worth $11,557,000 after buying an additional 206,467 shares during the period. Finally, Spitfire Capital LLC raised its stake in Horizon Global by 17.4% during the 1st quarter. Spitfire Capital LLC now owns 1,288,888 shares of the company’s stock worth $10,620,000 after buying an additional 190,569 shares during the period. 81.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Horizon Global opened at $6.97 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $170.34 million, a PE ratio of 7.11, a price-to-earnings-growth ratio of 1.36 and a beta of 0.69. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.71 and a current ratio of 1.53. Horizon Global has a 1 year low of $5.13 and a 1 year high of $19.26.
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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