Equities research analysts predict that Hertz Global Holdings, Inc (NYSE:HTZ) will post earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hertz Global’s earnings, with estimates ranging from ($0.08) to $0.49. Hertz Global posted earnings of ($0.19) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 215.8%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that Hertz Global will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.76 to $1.28. For the next financial year, analysts forecast that the company will report earnings of $1.88 per share, with EPS estimates ranging from $1.28 to $2.36. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Hertz Global.
Hertz Global (NYSE:HTZ) last posted its quarterly earnings data on Monday, May 6th. The transportation company reported ($0.99) earnings per share for the quarter, beating the consensus estimate of ($1.32) by $0.33. Hertz Global had a positive return on equity of 3.17% and a negative net margin of 1.78%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business earned ($1.58) earnings per share. Hertz Global’s revenue for the quarter was up 2.1% compared to the same quarter last year.
Several brokerages recently commented on HTZ. Deutsche Bank raised their target price on Lululemon Athletica from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Hertz Global has an average rating of “Hold” and a consensus target price of $18.33.
Shares of HTZ traded up $0.11 during mid-day trading on Friday, hitting $15.83. The company’s stock had a trading volume of 75,516 shares, compared to its average volume of 3,760,916. Hertz Global has a one year low of $13.01 and a one year high of $22.37. The company has a debt-to-equity ratio of 18.68, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -93.71 and a beta of 2.11. The business has a 50-day moving average of $16.11.
A number of hedge funds have recently modified their holdings of HTZ. Bronfman E.L. Rothschild L.P. raised its stake in Hertz Global by 177.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,278 shares of the transportation company’s stock worth $31,000 after acquiring an additional 1,458 shares in the last quarter. Investors Research Corp acquired a new stake in Hertz Global in the first quarter worth about $38,000. Exane Derivatives acquired a new stake in Hertz Global in the first quarter worth about $51,000. Edge Capital Group LLC acquired a new stake in Hertz Global in the fourth quarter worth about $138,000. Finally, World Asset Management Inc acquired a new stake in Hertz Global in the second quarter worth about $182,000.
About Hertz Global
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.
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