Horizon Global Corp (NYSE:HZN) Expected to Post Earnings of -$0.13 Per Share

Equities analysts expect Horizon Global Corp (NYSE:HZN) to announce earnings of ($0.13) per share for the current quarter, according to Zacks. Two analysts have made estimates for Horizon Global’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at ($0.38). Horizon Global posted earnings of $0.36 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 136.1%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Horizon Global will report full year earnings of ($1.13) per share for the current financial year, with EPS estimates ranging from ($1.50) to ($0.76). For the next fiscal year, analysts expect that the firm will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.35) to ($0.30). Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Horizon Global.

Horizon Global (NYSE:HZN) last released its earnings results on Thursday, May 9th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.16). Horizon Global had a negative net margin of 20.35% and a negative return on equity of 731.99%. The firm had revenue of $209.66 million during the quarter, compared to analyst estimates of $199.75 million.

Several equities research analysts have weighed in on HZN shares. Roth Capital reaffirmed a “buy” rating on shares of Spartan Motors in a research note on Friday, May 24th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

HZN opened at $3.94 on Tuesday. Horizon Global has a 1-year low of $1.34 and a 1-year high of $8.50. The firm has a fifty day moving average of $3.81.

In related news, Director Frederick A. Henderson purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $2.90 per share, with a total value of $29,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $29,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick A. Henderson purchased 15,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $3.01 per share, with a total value of $45,150.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $30,100. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 35,000 shares of company stock valued at $110,150. Insiders own 1.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Royce & Associates LP increased its position in shares of Horizon Global by 57.1% during the first quarter. Royce & Associates LP now owns 1,689,690 shares of the company’s stock worth $3,278,000 after acquiring an additional 614,364 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Horizon Global during the fourth quarter worth about $104,000. Finally, California Public Employees Retirement System increased its position in shares of Horizon Global by 12.7% during the fourth quarter. California Public Employees Retirement System now owns 146,881 shares of the company’s stock worth $210,000 after acquiring an additional 16,521 shares in the last quarter. 41.87% of the stock is owned by institutional investors.

About Horizon Global

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.

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