Horizon Global Corp (NYSE:HZN) – Research analysts at Barrington Research decreased their FY2017 earnings per share estimates for shares of Horizon Global in a research report issued on Friday. Barrington Research analyst M. Gall now expects that the company will earn $0.89 per share for the year, down from their previous estimate of $1.07. Barrington Research has a “Outperform” rating and a $23.00 price objective on the stock. Barrington Research also issued estimates for Horizon Global’s Q1 2018 earnings at $0.00 EPS.
Horizon Global (NYSE:HZN) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Horizon Global had a negative net margin of 0.56% and a positive return on equity of 16.58%. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $227.24 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Horizon Global’s revenue for the quarter was up 58.3% on a year-over-year basis.
Shares of Horizon Global (NYSE HZN) opened at $9.25 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Horizon Global has a one year low of $8.78 and a one year high of $20.09. The firm has a market cap of $227.18, a price-to-earnings ratio of -22.02, a P/E/G ratio of 0.65 and a beta of 1.63.
Hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new position in Horizon Global in the second quarter valued at $159,000. Fox Run Management L.L.C. acquired a new position in Horizon Global in the third quarter valued at $199,000. Cubist Systematic Strategies LLC acquired a new position in Horizon Global in the second quarter valued at $186,000. Suntrust Banks Inc. lifted its holdings in Horizon Global by 8.4% in the second quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock valued at $188,000 after buying an additional 1,025 shares during the period. Finally, PEAK6 Investments L.P. acquired a new position in Horizon Global in the third quarter valued at $233,000. Institutional investors and hedge funds own 91.03% of the company’s stock.
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Horizon Global 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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