Horizon Global Corporation (HZN) Scheduled to Post Earnings on Tuesday
Horizon Global Corporation (NYSE:HZN) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Horizon Global Corporation to post earnings of $0.44 per share for the quarter. Horizon Global Corporation has set its Q3 guidance at $0.35-0.40 EPS and its FY17 guidance at $1.04-1.14 EPS.
Horizon Global Corporation (NYSE:HZN) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The firm had revenue of $253.60 million for the quarter, compared to the consensus estimate of $241.08 million. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The company’s revenue was up 51.1% on a year-over-year basis. On average, analysts expect Horizon Global Corporation to post $1.09 EPS for the current fiscal year and $1.36 EPS for the next fiscal year.
Shares of Horizon Global Corporation (NYSE HZN) opened at 17.01 on Tuesday. The firm’s market cap is $424.16 million. Horizon Global Corporation has a 12-month low of $11.80 and a 12-month high of $26.36. The firm’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.26.
In other Horizon Global Corporation news, CEO A Mark Zeffiro sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $16.38, for a total transaction of $442,260.00. Following the transaction, the chief executive officer now owns 238,284 shares in the company, valued at $3,903,091.92. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.27% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on HZN. BMO Capital Markets restated a “buy” rating and set a $20.00 target price on shares of Horizon Global Corporation in a report on Friday, October 13th. Bank of America Corporation cut Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Thursday, August 3rd. Roth Capital set a $22.00 target price on Horizon Global Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut Horizon Global Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.83.
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Horizon Global Corporation Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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