Hertz Global Holdings, Inc (NYSE:HTZ) Expected to Post Earnings of $1.58 Per Share

Equities analysts expect that Hertz Global Holdings, Inc (NYSE:HTZ) will post $1.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hertz Global’s earnings. The lowest EPS estimate is $1.32 and the highest is $2.06. Hertz Global posted earnings per share of $2.14 during the same quarter last year, which suggests a negative year over year growth rate of 26.2%. The business is expected to report its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Hertz Global will report full-year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $0.76 to $1.56. For the next year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.28 to $1.86. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Hertz Global.

Hertz Global (NYSE:HTZ) last posted its earnings results on Tuesday, August 6th. The transportation company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.52. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.47 billion. Hertz Global had a positive return on equity of 11.04% and a negative net margin of 0.71%. Hertz Global’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) earnings per share.

Several brokerages have recently issued reports on HTZ. Barclays upgraded Hertz Global from an “equal weight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 8th. Morgan Stanley set a $15.00 price objective on Hertz Global and gave the company a “sell” rating in a research report on Friday, August 9th. TheStreet upgraded Hertz Global from a “d+” rating to a “c-” rating in a research report on Wednesday, July 24th. ValuEngine downgraded Hertz Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Hertz Global currently has an average rating of “Hold” and a consensus target price of $18.50.

Large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Hertz Global in the second quarter valued at $29,000. Investors Research Corp purchased a new stake in shares of Hertz Global in the first quarter valued at $38,000. Exane Derivatives purchased a new stake in shares of Hertz Global in the first quarter valued at $51,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hertz Global in the second quarter valued at $72,000. Finally, Point72 Hong Kong Ltd purchased a new position in Hertz Global during the second quarter worth about $76,000. Institutional investors and hedge funds own 70.27% of the company’s stock.

Hertz Global stock traded up $0.21 during trading hours on Monday, hitting $12.26. The stock had a trading volume of 5,392,500 shares, compared to its average volume of 4,518,263. The company has a debt-to-equity ratio of 19.52, a current ratio of 1.13 and a quick ratio of 1.33. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -72.12 and a beta of 2.11. Hertz Global has a 1-year low of $11.89 and a 1-year high of $22.37. The stock’s fifty day moving average is $15.10 and its two-hundred day moving average is $16.62.

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.

Recommended Story: What does the Producer Price Index (PPI) tell investors?

Get a free copy of the Zacks research report on Hertz Global (HTZ)

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.