Wall Street analysts expect Hertz Global Holdings, Inc (NYSE:HTZ) to post sales of $2.62 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Hertz Global’s earnings, with the highest sales estimate coming in at $2.72 billion and the lowest estimate coming in at $2.57 billion. Hertz Global posted sales of $2.57 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to announce its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Hertz Global will report full-year sales of $9.16 billion for the current financial year, with estimates ranging from $8.99 billion to $9.34 billion. For the next financial year, analysts anticipate that the company will report sales of $9.42 billion per share, with estimates ranging from $9.27 billion to $9.66 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hertz Global.

Hertz Global (NYSE:HTZ) last announced its earnings results on Monday, August 6th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.06. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. Hertz Global’s revenue was up 7.4% compared to the same quarter last year.

Several equities research analysts have issued reports on HTZ shares. ValuEngine raised shares of Hertz Global from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Barclays boosted their price target on shares of Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, August 22nd. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a report on Wednesday, May 9th. Morgan Stanley boosted their price target on shares of Hertz Global from $13.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, June 26th. Finally, TheStreet upgraded shares of Hertz Global from a “d” rating to a “c-” rating in a research note on Friday, August 24th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.80.

Hertz Global stock traded down $0.20 on Tuesday, hitting $17.59. The company’s stock had a trading volume of 159,507 shares, compared to its average volume of 4,755,993. The firm has a market capitalization of $1.65 billion, a PE ratio of -11.21 and a beta of 0.06. The company has a debt-to-equity ratio of 16.24, a current ratio of 1.16 and a quick ratio of 1.16. Hertz Global has a one year low of $13.40 and a one year high of $27.27.

A number of large investors have recently made changes to their positions in HTZ. Neuberger Berman Group LLC increased its stake in shares of Hertz Global by 16.2% in the 1st quarter. Neuberger Berman Group LLC now owns 1,207,707 shares of the transportation company’s stock valued at $23,970,000 after acquiring an additional 168,603 shares during the last quarter. Sei Investments Co. increased its stake in shares of Hertz Global by 59.3% in the 1st quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 3,343 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of Hertz Global by 94.4% in the 2nd quarter. Congress Asset Management Co. MA now owns 180,423 shares of the transportation company’s stock valued at $2,768,000 after acquiring an additional 87,630 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of Hertz Global by 11.2% in the 2nd quarter. Peregrine Capital Management LLC now owns 476,840 shares of the transportation company’s stock valued at $7,315,000 after acquiring an additional 47,960 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Hertz Global by 4.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 5,011,290 shares of the transportation company’s stock valued at $99,474,000 after acquiring an additional 197,206 shares during the last quarter.

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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