Horizon Global (HZN) Set to Announce Earnings on Thursday

Horizon Global (NYSE:HZN) will be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Horizon Global to post earnings of ($0.13) per share for the quarter.

Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.16). The firm had revenue of $209.66 million for the quarter, compared to analyst estimates of $199.75 million. Horizon Global had a negative return on equity of 731.99% and a negative net margin of 20.35%. On average, analysts expect Horizon Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE HZN opened at $4.71 on Wednesday. The firm has a market cap of $124.04 million, a price-to-earnings ratio of -3.41 and a beta of 1.25. The stock’s 50 day moving average price is $4.14. Horizon Global has a 1 year low of $1.34 and a 1 year high of $8.50.

Several analysts recently issued reports on the stock. Roth Capital reiterated a “neutral” rating on shares of Horizon Global in a research report on Friday, May 24th. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Horizon Global from a “hold” rating to a “sell” rating in a research report on Saturday.

In related news, Director Frederick A. Henderson acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $2.90 per share, with a total value of $29,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $29,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick A. Henderson acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $3.01 per share, with a total value of $45,150.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $30,100. The disclosure for this purchase can be found here. In the last three months, insiders purchased 35,000 shares of company stock valued at $110,150. 10.23% of the stock is owned by insiders.

About Horizon Global

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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Earnings History for Horizon Global (NYSE:HZN)

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