Hertz Global (NYSE:HTZ) issued its quarterly earnings results on Monday. The transportation company reported ($0.99) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.32) by $0.33, Briefing.com reports. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. Hertz Global had a negative net margin of 2.37% and a negative return on equity of 1.14%. Hertz Global’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted ($1.58) EPS.
HTZ traded down $0.80 during trading on Tuesday, reaching $18.92. The company’s stock had a trading volume of 72,745 shares, compared to its average volume of 2,043,364. The company has a debt-to-equity ratio of 14.57, a current ratio of 1.61 and a quick ratio of 1.61. Hertz Global has a 1 year low of $13.01 and a 1 year high of $22.37. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -111.32 and a beta of 1.95.
In other Hertz Global news, major shareholder Carl C. Icahn sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $19.45, for a total value of $97,250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, April 10th. TheStreet lowered shares of Hertz Global from a “c” rating to a “d+” rating in a research note on Monday, March 25th. ValuEngine raised shares of Hertz Global from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Deutsche Bank raised their target price on shares of Hertz Global from $18.00 to $21.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. Finally, Barclays raised shares of Hertz Global from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.33.
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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.
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