According to Zacks, “Horizon Global Corporation is a designer, manufacturer and distributor of towing, trailering, cargo management and accessory products for original equipment, aftermarket and retail customers. Horizon Global Corporation is based in Bloomfield Hills, United States. “
Other analysts have also recently issued research reports about the stock. Roth Capital reaffirmed a neutral rating on shares of Horizon Global in a research note on Friday, May 24th. ValuEngine raised shares of Horizon Global from a hold rating to a buy rating in a research note on Thursday, August 1st.
Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.16). Horizon Global had a negative net margin of 20.35% and a negative return on equity of 731.99%. The business had revenue of $209.66 million for the quarter, compared to analysts’ expectations of $199.75 million. On average, analysts predict that Horizon Global will post -1.13 earnings per share for the current year.
In other Horizon Global news, Director Frederick A. Henderson acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $3.01 per share, with a total value of $45,150.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $30,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick A. Henderson acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $2.90 per share, with a total value of $29,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $29,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $110,150. 10.23% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Horizon Global stock. Royce & Associates LP grew its position in Horizon Global Corp (NYSE:HZN) by 57.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,689,690 shares of the company’s stock after buying an additional 614,364 shares during the period. Royce & Associates LP owned 6.69% of Horizon Global worth $3,278,000 as of its most recent SEC filing. 41.87% of the stock is currently owned by institutional investors and hedge funds.
Horizon Global Company Profile
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.
Featured Story: Convertible Shares
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Horizon Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global and related companies with MarketBeat.com's FREE daily email newsletter.