Hertz Global (HTZ) Issues Quarterly Earnings Results, Beats Estimates By $0.36 EPS
Hertz Global (NYSE:HTZ) announced its quarterly earnings data on Thursday. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.36, Briefing.com reports. Hertz Global had a negative return on equity of 8.10% and a net margin of 4.87%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business posted $1.42 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.
HTZ stock opened at $19.41 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 16.24. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -12.21 and a beta of 0.89. Hertz Global has a 1 year low of $13.01 and a 1 year high of $25.14.
A number of hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in Hertz Global in the third quarter valued at $1,060,000. Trexquant Investment LP bought a new stake in Hertz Global in the third quarter valued at $1,277,000. Commonwealth Bank of Australia lifted its stake in Hertz Global by 88.7% in the third quarter. Commonwealth Bank of Australia now owns 187,047 shares of the transportation company’s stock valued at $3,049,000 after buying an additional 87,900 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Hertz Global by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 19,319 shares of the transportation company’s stock valued at $315,000 after buying an additional 5,573 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in Hertz Global by 61.5% in the third quarter. Congress Asset Management Co. MA now owns 291,443 shares of the transportation company’s stock valued at $4,759,000 after buying an additional 111,020 shares during the last quarter.
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About Hertz Global
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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