Equities research analysts expect that Hertz Global Holdings, Inc (NYSE:HTZ) will report $2.04 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Hertz Global’s earnings. The lowest sales estimate is $2.00 billion and the highest is $2.07 billion. Hertz Global reported sales of $2.01 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The business is scheduled to issue its next earnings results on Monday, February 26th.

On average, analysts expect that Hertz Global will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $8.72 billion to $8.78 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.92 billion per share, with estimates ranging from $8.82 billion to $8.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Hertz Global.

Hertz Global (NYSE:HTZ) last posted its earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, November 15th. Northcoast Research reissued a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, October 17th. Deutsche Bank AG reissued a “hold” rating and set a $18.00 target price (up previously from $14.00) on shares of Hertz Global in a report on Friday, October 6th. Finally, Goldman Sachs Group Inc reissued a “sell” rating on shares of Hertz Global in a report on Thursday, September 7th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Hertz Global presently has a consensus rating of “Hold” and a consensus price target of $17.29.

In related news, SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of HTZ. Teachers Advisors LLC increased its position in shares of Hertz Global by 14.6% in the first quarter. Teachers Advisors LLC now owns 87,229 shares of the transportation company’s stock worth $1,530,000 after purchasing an additional 11,120 shares during the period. Geode Capital Management LLC increased its position in shares of Hertz Global by 2.9% in the first quarter. Geode Capital Management LLC now owns 537,546 shares of the transportation company’s stock worth $9,428,000 after purchasing an additional 15,351 shares during the period. Bank of America Corp DE grew its position in Hertz Global by 67.8% in the first quarter. Bank of America Corp DE now owns 202,114 shares of the transportation company’s stock valued at $3,545,000 after acquiring an additional 81,689 shares during the last quarter. State Street Corp grew its position in Hertz Global by 4.6% in the first quarter. State Street Corp now owns 1,429,856 shares of the transportation company’s stock valued at $25,083,000 after acquiring an additional 62,597 shares during the last quarter. Finally, Aperio Group LLC grew its position in Hertz Global by 118.9% in the second quarter. Aperio Group LLC now owns 26,334 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 14,304 shares during the last quarter.

Shares of Hertz Global (HTZ) opened at $18.07 on Friday. Hertz Global has a twelve month low of $8.52 and a twelve month high of $27.27. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.

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Hertz Global 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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