Hertz Global Holdings, Inc (HTZ) Expected to Post Earnings of -$0.58 Per Share
Equities analysts forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will post earnings per share of ($0.58) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hertz Global’s earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.90). Hertz Global posted earnings of ($0.71) per share in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The business is expected to issue its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Hertz Global will report full-year earnings of ($1.40) per share for the current financial year, with EPS estimates ranging from ($1.72) to ($1.15). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.83) to $0.24. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Hertz Global.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share.
Shares of Hertz Global (NYSE:HTZ) traded up $0.30 during mid-day trading on Monday, reaching $24.60. 1,531,800 shares of the company’s stock were exchanged, compared to its average volume of 2,146,389. The firm has a market capitalization of $2,060.00 and a PE ratio of -2.82. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global has a 12-month low of $8.52 and a 12-month high of $27.27.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Crow Point Partners LLC acquired a new stake in shares of Hertz Global during the 3rd quarter worth about $112,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Hertz Global during the 2nd quarter worth about $147,000. Suntrust Banks Inc. lifted its stake in shares of Hertz Global by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Hertz Global during the 2nd quarter worth about $199,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Hertz Global by 479,950.0% during the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after buying an additional 9,599 shares during the last quarter.
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About Hertz Global
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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