Analysts predict that Hertz Global Holdings, Inc (NYSE:HTZ) will post earnings of ($0.25) per share for the current quarter, according to Zacks. Two analysts have made estimates for Hertz Global’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.47). Hertz Global reported earnings per share of ($0.55) during the same quarter last year, which suggests a positive year over year growth rate of 54.5%. The company is expected to issue its next quarterly earnings report on Monday, February 24th.
On average, analysts expect that Hertz Global will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $0.87 to $1.72. For the next financial year, analysts expect that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.31 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Hertz Global.
Hertz Global (NYSE:HTZ) last issued its quarterly earnings data on Monday, November 4th. The transportation company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.12. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. Hertz Global had a negative net margin of 0.42% and a positive return on equity of 12.04%. Hertz Global’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS.
Several brokerages recently weighed in on HTZ. Barclays reiterated a “buy” rating and issued a $18.00 price objective on shares of Hertz Global in a research report on Wednesday, October 23rd. Morgan Stanley set a $15.00 price objective on shares of Hertz Global and gave the company a “sell” rating in a research report on Friday, August 9th. Jefferies Financial Group began coverage on shares of Hertz Global in a research report on Wednesday, November 27th. They issued a “hold” rating and a $17.00 price objective on the stock. Deutsche Bank set a $21.00 price objective on shares of Hertz Global and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.40.
NYSE:HTZ traded up $0.13 during mid-day trading on Wednesday, hitting $15.33. The stock had a trading volume of 1,726,962 shares, compared to its average volume of 3,093,857. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -90.18 and a beta of 2.27. The company has a 50 day simple moving average of $15.04 and a 200-day simple moving average of $14.70. Hertz Global has a 52 week low of $11.24 and a 52 week high of $21.95. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.91.
A number of institutional investors have recently added to or reduced their stakes in HTZ. First Trust Advisors LP increased its stake in Hertz Global by 12.9% during the 1st quarter. First Trust Advisors LP now owns 155,872 shares of the transportation company’s stock valued at $2,707,000 after buying an additional 17,779 shares during the period. World Asset Management Inc acquired a new position in Hertz Global during the 2nd quarter valued at about $182,000. Price Capital Management Inc. acquired a new position in Hertz Global during the 2nd quarter valued at about $255,000. Prime Capital Investment Advisors LLC increased its stake in Hertz Global by 39.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 97,864 shares of the transportation company’s stock valued at $1,562,000 after buying an additional 27,700 shares during the period. Finally, 361 Capital LLC acquired a new position in Hertz Global during the 2nd quarter valued at about $2,421,000.
Hertz Global Company Profile
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
See Also: Trading Ex-Dividend Strategy
Get a free copy of the Zacks research report on Hertz Global (HTZ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.