Equities research analysts expect Horizon Global Corporation (NYSE:HZN) to post earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Horizon Global Corporation’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.40. Horizon Global Corporation posted earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.7%. The business is expected to report its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Horizon Global Corporation will report full-year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.12. For the next fiscal year, analysts forecast that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.20 to $1.49. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Horizon Global Corporation.

Horizon Global Corporation (NYSE:HZN) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The company had revenue of $253.60 million during the quarter, compared to analysts’ expectations of $241.08 million. Horizon Global Corporation had a positive return on equity of 18.86% and a negative net margin of 1.45%. Horizon Global Corporation’s revenue for the quarter was up 51.1% on a year-over-year basis.

A number of brokerages have issued reports on HZN. Bank of America Corporation lowered Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Zacks Investment Research upgraded Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Thursday, August 3rd. Roth Capital set a $22.00 price target on Horizon Global Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets increased their price target on Horizon Global Corporation from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Horizon Global Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Horizon Global Corporation presently has a consensus rating of “Hold” and an average target price of $20.29.

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Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in shares of Horizon Global Corporation by 5.6% during the second quarter. California State Teachers Retirement System now owns 45,195 shares of the company’s stock valued at $649,000 after purchasing an additional 2,400 shares in the last quarter. Walthausen & Co. LLC purchased a new position in shares of Horizon Global Corporation during the second quarter valued at about $11,654,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Horizon Global Corporation by 2.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 119,466 shares of the company’s stock valued at $1,716,000 after purchasing an additional 2,386 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Horizon Global Corporation by 36.9% during the second quarter. The Manufacturers Life Insurance Company now owns 20,642 shares of the company’s stock valued at $296,000 after purchasing an additional 5,569 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Horizon Global Corporation during the second quarter valued at about $186,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Horizon Global Corporation (NYSE HZN) opened at 16.84 on Friday. Horizon Global Corporation has a 12 month low of $11.80 and a 12 month high of $26.36. The stock’s market capitalization is $419.92 million. The stock has a 50 day moving average price of $16.69 and a 200 day moving average price of $15.10.

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.

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

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