Brokerages expect Hertz Global Holdings, Inc (NYSE:HTZ) to announce $2.52 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hertz Global Holdings’ earnings. The lowest sales estimate is $2.50 billion and the highest is $2.54 billion. Hertz Global Holdings posted sales of $2.54 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.8%. The business is expected to report its next earnings results on Monday, November 6th.

According to Zacks, analysts expect that Hertz Global Holdings will report full year sales of $2.52 billion for the current fiscal year, with estimates ranging from $8.60 billion to $8.75 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.88 billion per share, with estimates ranging from $8.80 billion to $8.99 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hertz Global Holdings.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.51. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS.

Several research firms have issued reports on HTZ. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Hertz Global Holdings in a research note on Thursday. ValuEngine upgraded Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub lowered Hertz Global Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. MKM Partners reiterated a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a research note on Thursday, August 10th. Finally, Deutsche Bank AG set a $14.00 target price on Hertz Global Holdings and gave the company a “hold” rating in a research note on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Hertz Global Holdings currently has a consensus rating of “Hold” and an average target price of $16.57.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Utah Retirement Systems boosted its holdings in Hertz Global Holdings by 0.8% in the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock worth $231,000 after acquiring an additional 100 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Hertz Global Holdings by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock worth $276,000 after acquiring an additional 282 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in Hertz Global Holdings by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after acquiring an additional 285 shares in the last quarter. Hosking Partners LLP boosted its holdings in Hertz Global Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after acquiring an additional 932 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock worth $1,442,000 after acquiring an additional 1,144 shares in the last quarter.

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Hertz Global Holdings (HTZ) opened at 23.18 on Monday. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $51.44. The company’s market cap is $1.94 billion. The company has a 50-day moving average of $17.81 and a 200-day moving average of $15.50.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

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