Hertz Global Holdings, Inc to Post FY2018 Earnings of ($0.62) Per Share, Northcoast Research Forecasts (HTZ)
Hertz Global Holdings, Inc (NYSE:HTZ) – Equities research analysts at Northcoast Research boosted their FY2018 earnings per share (EPS) estimates for Hertz Global in a report released on Monday, November 12th. Northcoast Research analyst J. Healy now expects that the transportation company will post earnings per share of ($0.62) for the year, up from their previous forecast of ($0.70). Northcoast Research also issued estimates for Hertz Global’s Q4 2018 earnings at ($1.00) EPS.
Hertz Global (NYSE:HTZ) last posted its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Hertz Global had a net margin of 5.29% and a negative return on equity of 2.50%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share.
HTZ opened at $19.12 on Thursday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -12.03 and a beta of 0.89. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.53 and a current ratio of 1.53. Hertz Global has a 12-month low of $13.01 and a 12-month high of $25.14.
Hedge funds have recently added to or reduced their stakes in the business. Financial Architects Inc increased its stake in Hertz Global by 63.9% during the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 3,500 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Hertz Global during the second quarter valued at $153,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hertz Global during the second quarter valued at $199,000. Naples Global Advisors LLC bought a new stake in Hertz Global during the second quarter valued at $230,000. Finally, Bank of Montreal Can increased its stake in Hertz Global by 1,035.8% during the second 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 last quarter.
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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