Brokerages expect Hertz Global Holdings, Inc (NYSE:HTZ) to post $2.18 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hertz Global’s earnings, with the highest sales estimate coming in at $2.22 billion and the lowest estimate coming in at $2.14 billion. Hertz Global posted sales of $2.06 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The company is scheduled to report its next earnings report on Monday, May 6th.
On average, analysts expect that Hertz Global will report full-year sales of $9.95 billion for the current year, with estimates ranging from $9.83 billion to $10.03 billion. For the next year, analysts expect that the business will report sales of $10.29 billion, with estimates ranging from $10.20 billion to $10.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hertz Global.
Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Monday, February 25th. The transportation company reported ($0.55) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.26. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.15 billion. Hertz Global had a negative return on equity of 1.14% and a negative net margin of 2.37%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.77) earnings per share.
Shares of NYSE:HTZ opened at $17.37 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 14.57. The company has a market capitalization of $1.46 billion, a PE ratio of -102.18 and a beta of 1.98. Hertz Global has a 1 year low of $13.01 and a 1 year high of $22.70.
In other Hertz Global news, major shareholder Carl C. Icahn sold 5,000,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $19.45, for a total transaction of $97,250,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its stake in Hertz Global by 177.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,278 shares of the transportation company’s stock worth $31,000 after buying an additional 1,458 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Hertz Global during the fourth quarter worth $38,000. Nisa Investment Advisors LLC boosted its stake in Hertz Global by 3,114.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,805 shares of the transportation company’s stock worth $134,000 after buying an additional 9,500 shares during the last quarter. Edge Capital Group LLC acquired a new position in Hertz Global during the fourth quarter worth $138,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hertz Global by 121.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,626 shares of the transportation company’s stock worth $159,000 after buying an additional 6,367 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.
Recommended Story: Understanding Price to Earnings Ratio (PE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.