Hertz Global Holdings, Inc (HTZ) Set to Announce Earnings on Thursday
Hertz Global Holdings, Inc (NYSE:HTZ) is scheduled to be releasing its earnings data after the market closes on Thursday, November 9th. Analysts expect Hertz Global Holdings to post earnings of $1.32 per share for the quarter.
Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.51). Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the company earned $0.41 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect Hertz Global Holdings to post $-1.16 EPS for the current fiscal year and $0.45 EPS for the next fiscal year.
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HTZ has been the topic of a number of research reports. Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Hertz Global Holdings in a research report on Friday, October 6th. ValuEngine raised shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub raised shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $17.34 to $9.00 in a research report on Monday, July 31st. Five 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.43.
In other news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.
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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