Analysts predict that Horizon Global Corp (NYSE:HZN) will announce earnings per share (EPS) of $0.10 for the current quarter, according to Zacks. Two analysts have made estimates for Horizon Global’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Horizon Global posted earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 1,100%. The company is scheduled to report its next quarterly earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Horizon Global will report full-year earnings of ($1.40) per share for the current fiscal year, with EPS estimates ranging from ($1.50) to ($1.30). For the next fiscal year, analysts expect that the company will report earnings of ($0.53) per share, with EPS estimates ranging from ($0.70) to ($0.35). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Horizon Global.
Horizon Global (NYSE:HZN) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The firm had revenue of $223.16 million for the quarter, compared to analyst estimates of $241.23 million. Horizon Global had a negative return on equity of 731.99% and a negative net margin of 13.54%.
HZN has been the subject of several research analyst reports. Roth Capital reaffirmed a “neutral” rating on shares of Horizon Global in a report on Friday, May 24th. ValuEngine raised shares of Horizon Global from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Horizon Global from a “sell” rating to a “hold” rating in a report on Wednesday.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its position in shares of Horizon Global by 12.7% in the 4th quarter. California Public Employees Retirement System now owns 146,881 shares of the company’s stock valued at $210,000 after buying an additional 16,521 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Horizon Global by 12.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 446,807 shares of the company’s stock valued at $1,604,000 after acquiring an additional 51,118 shares during the period. Vanguard Group Inc. increased its position in Horizon Global by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 848,039 shares of the company’s stock valued at $3,044,000 after acquiring an additional 19,689 shares during the period. Royce & Associates LP increased its position in Horizon Global by 57.1% in the 1st quarter. Royce & Associates LP now owns 1,689,690 shares of the company’s stock valued at $3,278,000 after acquiring an additional 614,364 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Horizon Global by 13.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,487,928 shares of the company’s stock valued at $12,522,000 after acquiring an additional 404,930 shares during the period. 40.26% of the stock is owned by hedge funds and other institutional investors.
Shares of HZN stock traded up $0.01 during midday trading on Thursday, hitting $2.93. 79,600 shares of the company were exchanged, compared to its average volume of 216,417. The stock has a market cap of $74.95 million, a price-to-earnings ratio of -2.12 and a beta of 1.25. The firm has a 50 day moving average price of $4.08. Horizon Global has a 52 week low of $1.34 and a 52 week high of $8.50.
Horizon Global Company Profile
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
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