Equities analysts forecast that Hertz Global Holdings Inc (NYSE:HRI) will post earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Hertz Global’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.41. Hertz Global reported earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year-over-year growth rate of 637.5%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, February 28th.
On average, analysts expect that Hertz Global will report full-year earnings of ($0.47) per share for the current year. For the next year, analysts expect that the company will report earnings of $0.59 per share, with EPS estimates ranging from $0.18 to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Hertz Global.
A number of research analysts have weighed in on the stock. Buckingham Research assumed coverage on shares of Hertz Global in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Hertz Global in a research report on Monday, December 18th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research report on Tuesday, December 19th. Barclays assumed coverage on shares of Hertz Global in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Hertz Global in a research report on Friday, February 2nd. They issued an “outperform” rating and a $79.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.00.
A number of institutional investors have recently made changes to their positions in HRI. Macquarie Group Ltd. bought a new stake in Hertz Global during the fourth quarter valued at approximately $106,000. Fox Run Management L.L.C. bought a new stake in shares of Hertz Global in the 3rd quarter worth approximately $201,000. Amalgamated Bank bought a new stake in shares of Hertz Global in the 4th quarter worth approximately $207,000. Virtu Financial LLC bought a new stake in shares of Hertz Global in the 4th quarter worth approximately $209,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hertz Global in the 3rd quarter worth approximately $218,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
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About Hertz Global
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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