Analysts Expect Hertz Global Holdings, Inc (HTZ) Will Announce Earnings of $1.78 Per Share

Equities analysts expect Hertz Global Holdings, Inc (NYSE:HTZ) to report earnings of $1.78 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hertz Global’s earnings, with the highest EPS estimate coming in at $2.01 and the lowest estimate coming in at $1.54. Hertz Global reported earnings of $1.42 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.4%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Hertz Global will report full year earnings of ($0.92) per share for the current year, with EPS estimates ranging from ($1.24) to ($0.46). For the next fiscal year, analysts anticipate that the business will post earnings of $0.41 per share, with EPS estimates ranging from ($0.26) to $1.92. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover 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, beating the consensus estimate of ($0.25) by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.63) EPS.

Several analysts have recently issued reports on the stock. Goldman Sachs Group set a $13.00 target price on shares of Hertz Global and gave the company a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, October 4th. ValuEngine cut shares of Hertz Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. TheStreet upgraded shares of Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. Finally, Barclays upped their target price on shares of Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Hertz Global has an average rating of “Hold” and an average target price of $15.00.

Several hedge funds and other institutional investors have recently made changes to their positions in HTZ. Sei Investments Co. raised its position in Hertz Global by 59.3% in the 1st quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock worth $178,000 after purchasing an additional 3,343 shares during the period. Financial Architects Inc raised its position in Hertz Global by 63.9% in the 2nd quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock worth $138,000 after purchasing an additional 3,500 shares during the period. NJ State Employees Deferred Compensation Plan raised its position in Hertz Global by 28.6% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the transportation company’s stock worth $276,000 after purchasing an additional 4,000 shares during the period. KBC Group NV raised its position in Hertz Global by 31.3% in the 2nd quarter. KBC Group NV now owns 22,741 shares of the transportation company’s stock worth $349,000 after purchasing an additional 5,417 shares during the period. Finally, First Republic Investment Management Inc. raised its position in Hertz Global by 7.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 76,100 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 5,440 shares during the period.

Shares of NYSE HTZ opened at $15.07 on Tuesday. The company has a debt-to-equity ratio of 16.24, a quick ratio of 1.16 and a current ratio of 1.16. Hertz Global has a 12-month low of $13.40 and a 12-month high of $26.04.

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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