$2.13 Billion in Sales Expected for Hertz Global Holdings, Inc (HTZ) This Quarter
Brokerages expect Hertz Global Holdings, Inc (NYSE:HTZ) to announce sales of $2.13 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Hertz Global’s earnings. The highest sales estimate is $2.20 billion and the lowest is $2.10 billion. Hertz Global reported sales of $2.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is expected to issue its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that Hertz Global will report full year sales of $9.19 billion for the current year, with estimates ranging from $9.08 billion to $9.42 billion. For the next year, analysts anticipate that the firm will report sales of $9.46 billion, with estimates ranging from $9.27 billion to $9.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hertz Global.
Hertz Global (NYSE:HTZ) last posted its earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.36. Hertz Global had a net margin of 5.29% and a negative return on equity of 2.50%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business posted $1.42 EPS. Hertz Global’s revenue was up 7.2% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of HTZ. Peregrine Capital Management LLC boosted its holdings in 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 purchasing an additional 47,960 shares during the period. Bank of Montreal Can boosted its holdings in Hertz Global by 1,035.8% in the 2nd quarter. Bank of Montreal Can now owns 16,572 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 15,113 shares during the period. Naples Global Advisors LLC bought a new stake in Hertz Global in the 2nd quarter valued at $230,000. Congress Asset Management Co. MA boosted its holdings in 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 purchasing an additional 87,630 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Hertz Global by 49.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 134,577 shares of the transportation company’s stock valued at $2,064,000 after purchasing an additional 44,508 shares during the period.
NYSE:HTZ traded up $0.44 during midday trading on Monday, reaching $19.12. The stock had a trading volume of 121,965 shares, compared to its average volume of 3,510,109. Hertz Global has a 1-year low of $13.01 and a 1-year high of $25.14. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 13.98. The firm has a market capitalization of $1.60 billion, a PE ratio of -12.04 and a beta of 0.89.
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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