Horizon Global Corp (NYSE:HZN) – Analysts at B. Riley cut their FY2019 earnings estimates for Horizon Global in a research report issued to clients and investors on Monday, November 5th. B. Riley analyst J. Nichols now expects that the company will earn $0.69 per share for the year, down from their previous estimate of $0.70.
Horizon Global (NYSE:HZN) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. Horizon Global had a positive return on equity of 8.57% and a negative net margin of 15.61%. The firm had revenue of $233.34 million during the quarter, compared to the consensus estimate of $232.85 million.
HZN has been the topic of a number of other research reports. Roth Capital upgraded Horizon Global from a “neutral” rating to a “buy” rating and increased their target price for the company from $6.00 to $13.00 in a report on Wednesday, August 8th. Zacks Investment Research cut Horizon Global from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Horizon Global has an average rating of “Hold” and a consensus target price of $12.79.
NYSE HZN opened at $5.63 on Tuesday. Horizon Global has a 1-year low of $5.13 and a 1-year high of $14.80. The company has a market capitalization of $140.54 million, a P/E ratio of 18.07, a PEG ratio of 11.70 and a beta of 1.20. The company has a quick ratio of 0.80, a current ratio of 1.59 and a debt-to-equity ratio of 20.60.
A number of large investors have recently made changes to their positions in the business. Skylands Capital LLC acquired a new stake in Horizon Global during the 3rd quarter valued at $927,000. Millennium Management LLC acquired a new stake in Horizon Global during the 2nd quarter valued at $1,610,000. Sagard Capital Partners Management Corp acquired a new stake in Horizon Global during the 2nd quarter valued at $7,230,000. Paloma Partners Management Co acquired a new stake in Horizon Global during the 2nd quarter valued at $684,000. Finally, Bank of America Corp DE grew its holdings in Horizon Global by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 130,334 shares of the company’s stock valued at $777,000 after buying an additional 16,836 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.
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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