-$1.10 Earnings Per Share Expected for Hertz Global Holdings, Inc (NYSE:HTZ) This Quarter

Wall Street analysts forecast that Hertz Global Holdings, Inc (NYSE:HTZ) will report earnings per share (EPS) of ($1.10) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Hertz Global’s earnings. Hertz Global posted earnings per share of $1.60 in the same quarter last year, which indicates a negative year-over-year growth rate of 168.8%. The business is expected to report its next earnings results on Monday, November 2nd.

On average, analysts expect that Hertz Global will report full year earnings of ($5.18) per share for the current fiscal year, with EPS estimates ranging from ($8.58) to ($2.40). For the next financial year, analysts expect that the company will report earnings of ($1.14) per share, with EPS estimates ranging from ($2.04) to ($0.33). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Hertz Global.

Hertz Global (NYSE:HTZ) last released its earnings results on Monday, August 10th. The transportation company reported ($3.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.65) by ($0.86). Hertz Global had a negative return on equity of 38.47% and a negative net margin of 14.55%. The firm had revenue of $832.00 million for the quarter, compared to analysts’ expectations of $918.94 million.

Separately, Deutsche Bank dropped their target price on Hertz Global from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Thursday, August 20th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Shares of HTZ traded down $0.01 during midday trading on Friday, reaching $1.10. The stock had a trading volume of 5,615,800 shares, compared to its average volume of 30,194,258. The company has a market cap of $173.39 million, a price-to-earnings ratio of -0.14 and a beta of 1.38. The company’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $2.74. Hertz Global has a 1-year low of $0.40 and a 1-year high of $20.85. The company has a debt-to-equity ratio of 19.29, a current ratio of 3.06 and a quick ratio of 3.06.

Large investors have recently modified their holdings of the stock. First Trust Advisors LP grew its position in Hertz Global by 14.2% during the 1st quarter. First Trust Advisors LP now owns 109,574 shares of the transportation company’s stock worth $677,000 after purchasing an additional 13,655 shares during the last quarter. Arizona State Retirement System acquired a new position in Hertz Global in the 1st quarter valued at about $124,000. Acorn Financial Advisory Services Inc. ADV raised its stake in Hertz Global by 255.3% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 83,500 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 60,000 shares during the last quarter. GSA Capital Partners LLP raised its stake in Hertz Global by 16.4% during the 1st quarter. GSA Capital Partners LLP now owns 33,118 shares of the transportation company’s stock valued at $205,000 after acquiring an additional 4,670 shares during the last quarter. Finally, Aperio Group LLC lifted its position in Hertz Global by 67.7% during the 1st quarter. Aperio Group LLC now owns 38,936 shares of the transportation company’s stock worth $240,000 after acquiring an additional 15,724 shares during the period. Hedge funds and other institutional investors own 23.01% of the company’s stock.

Hertz Global Company Profile

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.

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Earnings History and Estimates for Hertz Global (NYSE:HTZ)

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