Wall Street brokerages predict that Hertz Global Holdings, Inc (NYSE:HTZ) will post earnings of ($0.25) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hertz Global’s earnings, with estimates ranging from ($0.47) to ($0.04). Hertz Global reported earnings of ($0.55) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 54.5%. The firm is expected to issue its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that Hertz Global will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.72. For the next fiscal year, analysts expect that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.31 to $2.00. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Hertz Global.
Hertz Global (NYSE:HTZ) last posted its quarterly earnings data on Monday, November 4th. The transportation company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.12. Hertz Global had a positive return on equity of 12.04% and a negative net margin of 0.42%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the company earned $2.14 EPS. The company’s revenue was up 2.8% on a year-over-year basis.
HTZ has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on Hertz Global in a report on Wednesday, November 27th. They issued a “hold” rating and a $17.00 target price on the stock. ValuEngine raised Hertz Global from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Deutsche Bank set a $21.00 price target on shares of Hertz Global and gave the company a “hold” rating in a report on Wednesday, August 7th. Barclays restated a “buy” rating and issued a $18.00 target price on shares of Hertz Global in a research report on Wednesday, October 23rd. Finally, Morgan Stanley set a $15.00 price target on shares of Hertz Global and gave the stock a “sell” rating in a report on Friday, August 9th. One 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 company. The stock has an average rating of “Hold” and an average target price of $18.40.
HTZ traded up $0.13 during trading on Wednesday, hitting $15.33. 1,726,962 shares of the stock traded hands, compared to its average volume of 3,093,857. The business has a 50 day moving average price of $15.04 and a 200 day moving average price of $14.70. The company has a debt-to-equity ratio of 9.91, a current ratio of 1.53 and a quick ratio of 1.53. Hertz Global has a twelve month low of $11.24 and a twelve month high of $21.95. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -90.18 and a beta of 2.27.
Several institutional investors have recently bought and sold shares of the stock. Icahn Carl C lifted its stake in shares of Hertz Global by 72.7% in the third quarter. Icahn Carl C now owns 41,895,315 shares of the transportation company’s stock worth $579,831,000 after acquiring an additional 17,631,446 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Hertz Global by 53.8% in the third quarter. Gamco Investors INC. ET AL now owns 7,972,919 shares of the transportation company’s stock worth $110,345,000 after acquiring an additional 2,788,526 shares during the period. BlackRock Inc. lifted its stake in shares of Hertz Global by 25.4% in the second quarter. BlackRock Inc. now owns 4,882,070 shares of the transportation company’s stock worth $77,917,000 after acquiring an additional 989,685 shares during the period. Gabelli Funds LLC lifted its stake in shares of Hertz Global by 50.6% in the third quarter. Gabelli Funds LLC now owns 1,863,380 shares of the transportation company’s stock worth $25,789,000 after acquiring an additional 626,480 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Hertz Global by 24.7% in the third quarter. Point72 Asset Management L.P. now owns 1,068,200 shares of the transportation company’s stock worth $14,784,000 after purchasing an additional 211,703 shares in the last quarter.
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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