Equities analysts predict that Hertz Global Holdings, Inc (NYSE:HTZ) will report $2.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hertz Global’s earnings. The highest sales estimate is $2.07 billion and the lowest is $2.00 billion. Hertz Global reported sales of $2.01 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The business is scheduled to report its next quarterly earnings report on Monday, February 26th.
On average, analysts expect that Hertz Global will report full year sales of $2.04 billion for the current fiscal year, with estimates ranging from $8.72 billion to $8.78 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $8.92 billion per share, with estimates ranging from $8.82 billion to $8.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hertz Global.
A number of equities analysts recently issued reports on the company. Goldman Sachs Group cut their target price on Hertz Global from $15.00 to $13.00 and set a “sell” rating on the stock in a report on Thursday, February 15th. ValuEngine cut Hertz Global from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Macquarie upgraded Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Morgan Stanley cut their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Hertz Global currently has an average rating of “Hold” and an average target price of $17.00.
Hertz Global (NYSE HTZ) opened at $19.24 on Tuesday. Hertz Global has a twelve month low of $8.52 and a twelve month high of $27.27. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $1,610.00 and a price-to-earnings ratio of -2.21.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in Hertz Global in the 4th quarter valued at $181,000. Pacer Advisors Inc. raised its position in Hertz Global by 479,950.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares during the last quarter. Sei Investments Co. raised its position in Hertz Global by 260.2% in the 3rd quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock valued at $265,000 after buying an additional 8,575 shares during the last quarter. Voya Investment Management LLC raised its position in Hertz Global by 1.2% in the 2nd quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after buying an additional 282 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in Hertz Global in the 4th quarter valued at $349,000.
About Hertz Global
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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