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

Equities analysts predict that Hertz Global Holdings, Inc (NYSE:HTZ) will announce ($1.10) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Hertz Global’s earnings. Hertz Global posted earnings of $1.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 168.8%. The company is scheduled to announce its next earnings results on Monday, November 2nd.

According to Zacks, 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 year, analysts expect that the business will post earnings of ($1.14) per share, with EPS estimates ranging from ($2.04) to ($0.33). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Hertz Global.

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

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

NYSE:HTZ traded down $0.01 on Friday, reaching $1.10. 5,615,800 shares of the stock traded hands, compared to its average volume of 30,194,258. The company has a market capitalization of $173.39 million, a price-to-earnings ratio of -0.14 and a beta of 1.38. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 19.29. Hertz Global has a 12 month low of $0.40 and a 12 month high of $20.85. The company’s fifty day simple moving average is $1.41 and its 200 day simple moving average is $2.74.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new position in shares of Hertz Global during the second quarter valued at approximately $33,000. Aristeia Capital LLC purchased a new stake in Hertz Global during the 2nd quarter valued at $1,128,000. Point72 Hong Kong Ltd lifted its holdings in shares of Hertz Global by 4,496.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 210,813 shares of the transportation company’s stock valued at $297,000 after buying an additional 206,227 shares during the period. Virtu Financial LLC purchased a new position in shares of Hertz Global in the 2nd quarter worth $61,000. Finally, Mutual Advisors LLC purchased a new position in shares of Hertz Global in the 2nd quarter worth $36,000. 23.01% of the stock is currently owned by hedge funds and other institutional investors.

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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