Horizon Global Corp. (NYSE:HZN) – Equities research analysts at Barrington Research raised their FY2016 earnings per share (EPS) estimates for Horizon Global Corp. in a research report issued to clients and investors on Tuesday. Barrington Research analyst R. Hokanson now forecasts that the firm will earn $1.04 per share for the year, up from their prior estimate of $1.00. Barrington Research also issued estimates for Horizon Global Corp.’s FY2017 earnings at $1.44 EPS and FY2018 earnings at $1.78 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 10th. TheStreet upgraded shares of Horizon Global Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Finally, CJS Securities assumed coverage on shares of Horizon Global Corp. in a research report on Tuesday, September 20th. They set a “market outperform” rating and a $23.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.50.

Earnings History and Estimates for Horizon Global Corp. (NYSE:HZN)

Horizon Global Corp. (NYSE:HZN) traded down 0.52% on Wednesday, reaching $20.93. 95,705 shares of the company were exchanged. The company’s 50-day moving average price is $18.89 and its 200-day moving average price is $14.01. The stock has a market capitalization of $380.78 million, a P/E ratio of 26.83 and a beta of 2.25. Horizon Global Corp. has a 12-month low of $8.04 and a 12-month high of $22.12.

Horizon Global Corp. (NYSE:HZN) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.25. The company earned $167.76 million during the quarter, compared to the consensus estimate of $166.54 million. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%.

Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock worth $141,000 after buying an additional 672 shares during the period. Wilen Investment Management CORP. acquired a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $139,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $162,000. Numeric Investors LLC raised its stake in shares of Horizon Global Corp. by 17.4% in the second quarter. Numeric Investors LLC now owns 16,230 shares of the company’s stock worth $184,000 after buying an additional 2,400 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $205,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Horizon Global Corp. Company Profile

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.

5 Day Chart for NYSE:HZN

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