-$0.02 EPS Expected for Horizon Global Corp (HZN) This Quarter

Brokerages predict that Horizon Global Corp (NYSE:HZN) will announce ($0.02) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Horizon Global’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.15). Horizon Global reported earnings of ($0.37) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 94.6%. The firm is scheduled to report its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Horizon Global will report full-year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.10. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.00 to $1.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Horizon Global.

Horizon Global (NYSE:HZN) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $227.24 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 58.3% compared to the same quarter last year.

A number of analysts recently issued reports on HZN shares. Roth Capital set a $24.00 price objective on Horizon Global and gave the company a “buy” rating in a research note on Saturday, December 16th. ValuEngine upgraded Horizon Global from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barrington Research reiterated an “outperform” rating and set a $23.00 price objective on shares of Horizon Global in a research note on Tuesday, December 19th. Zacks Investment Research upgraded Horizon Global from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $20.00 price objective on shares of Horizon Global in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.67.

Horizon Global (NYSE:HZN) traded up $0.14 during trading hours on Friday, hitting $9.25. The company had a trading volume of 2,030,927 shares, compared to its average volume of 336,059. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.62. Horizon Global has a 12 month low of $8.78 and a 12 month high of $20.09. The company has a market cap of $227.18, a price-to-earnings ratio of -22.02, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Horizon Global by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 942,857 shares of the company’s stock worth $13,539,000 after acquiring an additional 55,411 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in Horizon Global by 20.2% in the 2nd quarter. Dana Investment Advisors Inc. now owns 149,328 shares of the company’s stock worth $2,144,000 after acquiring an additional 25,145 shares during the last quarter. Dean Investment Associates LLC bought a new position in Horizon Global in the 3rd quarter worth about $3,387,000. Walthausen & Co. LLC bought a new position in Horizon Global in the 2nd quarter worth about $11,654,000. Finally, Northern Trust Corp increased its stake in Horizon Global by 18.2% in the 2nd quarter. Northern Trust Corp now owns 295,766 shares of the company’s stock worth $4,248,000 after acquiring an additional 45,579 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

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About Horizon Global

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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