Horizon Global Corp (NYSE:HZN) – Stock analysts at B. Riley reduced their Q2 2019 EPS estimates for Horizon Global in a research note issued to investors on Friday, May 10th. B. Riley analyst J. Nichols now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.17. B. Riley also issued estimates for Horizon Global’s Q3 2019 earnings at $0.22 EPS.
Horizon Global (NYSE:HZN) last released its earnings results on Thursday, May 9th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.16). The business had revenue of $209.66 million for the quarter, compared to the consensus estimate of $199.75 million. Horizon Global had a negative net margin of 20.35% and a negative return on equity of 731.99%.
HZN opened at $3.26 on Monday. The company has a market cap of $77.80 million, a PE ratio of -2.36 and a beta of 2.16. Horizon Global has a one year low of $1.34 and a one year high of $8.50.
Several hedge funds and other institutional investors have recently made changes to their positions in HZN. GSA Capital Partners LLP purchased a new stake in shares of Horizon Global in the fourth quarter valued at approximately $104,000. Prescott Group Capital Management L.L.C. purchased a new stake in Horizon Global during the fourth quarter worth $177,000. California Public Employees Retirement System lifted its holdings in Horizon Global by 12.7% during the fourth quarter. California Public Employees Retirement System now owns 146,881 shares of the company’s stock worth $210,000 after buying an additional 16,521 shares during the period. Finally, Royce & Associates LP purchased a new stake in Horizon Global during the fourth quarter worth $1,538,000. Hedge funds and other institutional investors own 50.57% of the company’s stock.
About Horizon Global
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
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