Hertz Global Holdings, Inc (HTZ) Expected to Post Earnings of -$0.97 Per Share

Brokerages expect that Hertz Global Holdings, Inc (NYSE:HTZ) will announce ($0.97) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Hertz Global’s earnings, with the lowest EPS estimate coming in at ($1.24) and the highest estimate coming in at ($0.61). Hertz Global posted earnings per share of ($0.77) in the same quarter last year, which indicates a negative year over year growth rate of 26%. The firm is expected to report its next earnings results on Tuesday, February 26th.

On average, analysts expect that Hertz Global will report full year earnings of ($0.90) per share for the current year, with EPS estimates ranging from ($1.24) to ($0.34). For the next fiscal year, analysts forecast that the firm will report earnings of $0.44 per share, with EPS estimates ranging from ($0.26) to $1.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Hertz Global.

Hertz Global (NYSE:HTZ) last released its quarterly earnings data on Thursday, November 8th. The transportation company reported $2.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.36. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Hertz Global from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. TheStreet raised shares of Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. Barclays lifted their price objective on shares of Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 22nd. Finally, Goldman Sachs Group set a $13.00 price objective on shares of Hertz Global and gave the stock a “sell” rating in a research report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Hertz Global presently has a consensus rating of “Hold” and an average target price of $14.00.

HTZ stock traded up $3.12 during midday trading on Friday, reaching $19.41. 19,605,417 shares of the company were exchanged, compared to its average volume of 2,779,616. The company has a debt-to-equity ratio of 16.24, a current ratio of 1.16 and a quick ratio of 1.16. Hertz Global has a one year low of $13.01 and a one year high of $25.14. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -12.21 and a beta of 0.89.

Several institutional investors have recently made changes to their positions in the company. Financial Architects Inc boosted its position in shares of Hertz Global by 63.9% in the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 3,500 shares during the period. NJ State Employees Deferred Compensation Plan boosted its position in shares of Hertz Global by 28.6% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the transportation company’s stock valued at $276,000 after acquiring an additional 4,000 shares during the period. KBC Group NV boosted its position in shares of Hertz Global by 31.3% in the second quarter. KBC Group NV now owns 22,741 shares of the transportation company’s stock valued at $349,000 after acquiring an additional 5,417 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Hertz Global by 7.7% in the second quarter. First Republic Investment Management Inc. now owns 76,100 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 5,440 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Hertz Global by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 19,319 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 5,573 shares during the period.

About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

Further Reading: What is the NASDAQ Stock Market?

Get a free copy of the Zacks research report on Hertz Global (HTZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply