Horizon Global Corporation (NYSE:HZN) – Equities researchers at Barrington Research reduced their Q3 2017 earnings estimates for Horizon Global Corporation in a research report issued on Friday. Barrington Research analyst M. Gall now expects that the company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.53. Barrington Research also issued estimates for Horizon Global Corporation’s FY2017 earnings at $1.10 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $1.35 EPS.

HZN has been the topic of a number of other reports. BMO Capital Markets restated a “buy” rating and issued a $18.00 target price on shares of Horizon Global Corporation in a report on Thursday, July 13th. Zacks Investment Research downgraded shares of Horizon Global Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Roth Capital set a $22.00 target price on shares of Horizon Global Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, TheStreet upgraded shares of Horizon Global Corporation from a “d” rating to a “c-” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Horizon Global Corporation currently has an average rating of “Buy” and an average target price of $20.29.

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Shares of Horizon Global Corporation (HZN) opened at 17.12 on Monday. The company’s market capitalization is $426.90 million. The company has a 50-day moving average price of $15.58 and a 200-day moving average price of $15.32. Horizon Global Corporation has a 12 month low of $11.80 and a 12 month high of $26.36.

Horizon Global Corporation (NYSE:HZN) last issued its earnings results on Tuesday, August 1st. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. The business had revenue of $253.60 million during the quarter, compared to analyst estimates of $241.08 million. Horizon Global Corporation’s revenue was up 51.1% compared to the same quarter last year.

Horizon Global Corporation declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 3rd that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional investors have recently modified their holdings of the stock. Wilen Investment Management CORP. increased its position in shares of Horizon Global Corporation by 3.0% in the second quarter. Wilen Investment Management CORP. now owns 12,440 shares of the company’s stock valued at $174,000 after buying an additional 360 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Horizon Global Corporation by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 76,822 shares of the company’s stock valued at $1,104,000 after buying an additional 418 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Horizon Global Corporation by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 78,513 shares of the company’s stock valued at $1,127,000 after buying an additional 621 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Horizon Global Corporation by 1.3% in the second quarter. Neuberger Berman Group LLC now owns 59,308 shares of the company’s stock valued at $852,000 after buying an additional 776 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Horizon Global Corporation by 5.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,341 shares of the company’s stock valued at $292,000 after buying an additional 973 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Horizon Global Corporation Company Profile

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

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

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