Equities analysts expect that Hertz Global Holdings, Inc (NYSE:HTZ) will report sales of $2.52 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hertz Global Holdings’ earnings, with the highest sales estimate coming in at $2.54 billion and the lowest estimate coming in at $2.50 billion. Hertz Global Holdings posted sales of $2.54 billion during the same quarter last year, which suggests a negative year over year growth rate of 0.8%. The business is scheduled to announce its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Hertz Global Holdings will report full year sales of $2.52 billion for the current fiscal year, with estimates ranging from $8.66 billion to $8.75 billion. For the next financial year, analysts expect that the firm will post sales of $8.96 billion per share, with estimates ranging from $8.85 billion to $9.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Hertz Global Holdings.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.51). Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis.

Several research analysts recently weighed in on HTZ shares. MKM Partners reaffirmed a “buy” rating and issued a $22.00 target price (down previously from $29.00) on shares of Hertz Global Holdings in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. ValuEngine downgraded shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Barclays PLC cut shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $17.34 to $9.00 in a research note on Monday, July 31st. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Hertz Global Holdings presently has a consensus rating of “Hold” and an average target price of $16.86.

In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Glenview Capital Management LLC raised its position in shares of Hertz Global Holdings by 30.9% during the 2nd quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after buying an additional 1,350,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hertz Global Holdings by 120.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after buying an additional 2,826,922 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Hertz Global Holdings by 44.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock valued at $56,209,000 after buying an additional 1,501,599 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hertz Global Holdings by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock valued at $55,325,000 after buying an additional 272,574 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Hertz Global Holdings by 71.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock valued at $30,210,000 after buying an additional 1,097,060 shares in the last quarter.

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Shares of Hertz Global Holdings (HTZ) traded down 5.21% during midday trading on Friday, hitting $22.36. The company had a trading volume of 6,266,373 shares. Hertz Global Holdings has a 1-year low of $17.20 and a 1-year high of $48.00. The stock has a 50 day moving average price of $22.25 and a 200 day moving average price of $22.25. The firm’s market capitalization is $1.87 billion.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

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