Analysts forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will post sales of $1.97 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Hertz Global’s earnings. The highest sales estimate is $1.98 billion and the lowest is $1.97 billion. Hertz Global posted sales of $1.92 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The business is expected to report its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that Hertz Global will report full-year sales of $8.97 billion for the current financial year, with estimates ranging from $8.93 billion to $9.07 billion. For the next financial year, analysts anticipate that the business will post sales of $9.20 billion per share, with estimates ranging from $9.06 billion to $9.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Hertz Global.
Hertz Global (NYSE:HTZ) last released its quarterly earnings data on Tuesday, February 27th. The transportation company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.17). Hertz Global had a negative return on equity of 13.01% and a net margin of 3.73%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion.
Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine lowered shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, Goldman Sachs reduced their price objective on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.00.
In other Hertz Global news, SVP Robin Kramer sold 5,450 shares of Hertz Global stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $19.67, for a total value of $107,201.50. Following the transaction, the senior vice president now owns 5,459 shares of the company’s stock, valued at $107,378.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its stake in Hertz Global by 36.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,021 shares of the transportation company’s stock valued at $1,746,000 after buying an additional 21,067 shares in the last quarter. Delek Group Ltd. bought a new position in Hertz Global in the fourth quarter valued at approximately $4,537,000. MetLife Investment Advisors LLC bought a new position in Hertz Global in the fourth quarter valued at approximately $593,000. HBK Investments L P bought a new position in Hertz Global in the fourth quarter valued at approximately $1,360,000. Finally, Two Sigma Advisers LP lifted its stake in Hertz Global by 611.8% in the fourth quarter. Two Sigma Advisers LP now owns 104,595 shares of the transportation company’s stock valued at $2,312,000 after buying an additional 89,900 shares in the last quarter.
Hertz Global stock traded down $0.30 during midday trading on Thursday, hitting $21.50. 1,557,300 shares of the stock were exchanged, compared to its average volume of 1,632,034. Hertz Global has a 52 week low of $8.52 and a 52 week high of $27.27. The firm has a market capitalization of $1,825.26, a price-to-earnings ratio of -13.52 and a beta of 0.53. The company has a debt-to-equity ratio of 9.78, a current ratio of 1.76 and a quick ratio of 1.76.
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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.
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