Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly

Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly
Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly
Author

10 May, 2017

The Market Capitalization of the company stands at 1.29 Billion.

An uptick in leased new cars in recent years has left the used-car market oversupplied, said Karl Brauer, an analyst with Kelley Blue Book. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. MKM Partners reiterated a buy rating and issued a $29.00 price target (down from $33.00) on shares of Hertz Global Holdings in a research report on Sunday, March 19th. Barclays PLC restated an "equal weight" rating and set a $23.00 price objective (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th. (NYSE:HTZ) now have an ABR of 3.00.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell.

Hertz Global Holdings, Inc. closed its last trading session at $15.46 with the loss of -5.5%. Volume on the day was 6.71 million shares. The company had Year Ago Sales of 2.31 Billion. The company has a 50 day moving average price of $16.75 and a 200 day moving average price of $22.38. Hertz Global Holdings has a 52-week low of $14.32 and a 52-week high of $53.14.

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been assigned an average rating of "Hold" from the ten brokerages that are covering the company.

In terms of earnings per share, 10 analysts have a 0.25 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 10 analysts have a 1.23 EPS mean target and for the quarter ending Sep-17 there are 12 estimates of 2.22 EPS. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted ($0.79) earnings per share. It has also faced increasing competition from ride-share companies like Uber and Lyft. In the past three months the stock value plunged -27.76%.

Jose Mourinho and Manchester United Give Up on Top Four Finish
Tuanzebe admitted that Mourinho " gave me on task to stay with Alexis " which is not an easy task. Marcus Rashford was an example and now I'm an example, Tim Fosu-Mensah and Scott are examples".


North Korea accuses US, South Korea of assassination attempt
Shim told the Daily Caller News Foundation that the expletive used by North Korea to criticize Gardner is "one of the worst". That citizen, identified only as Kim, was allegedly working in Russian Federation in the timber industry.


Nigerien President Reschedules Visit To President Muhammadu Buhari
Thirteen prominent Nigerians on Monday signed a statement asking Buhari to take leave so he could take care of his health. They also persuaded her to draft a series of tweets asserting that the president's health was not as bad as perceived.


Hedge funds have recently bought and sold shares of the company.

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. It dropped, as 7 investors sold Telenav Inc shares while 26 reduced holdings.

For this year, Hertz Global Holdings, Inc.

03/22/2016 - Sterne Agee began new coverage on Hertz Global Holdings, Inc giving the company a " rating. Adjusted for one-time items, the company reported a net loss of $134 million, or $1.61 a share, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period past year. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock valued at $117,000 after buying an additional 3,236 shares during the period. Finally, Pictet Asset Management Ltd. acquired a new stake in Hertz Global Holdings during the first quarter worth about $6,789,000. (NYSE:HTZ) net profit margin is -5.60%. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark legislation. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations.


More news


  • List of winners from the 2017 MTV Movie and TV Awards

    List of winners from the 2017 MTV Movie and TV Awards

    Things quickly got hot when a lamp was knocked over and a set of stairs caught on fire - although it was all part of the show. In addition, "Stranger Things " is nominated for best show, and the Demogorgon is also up for best villain .

    Awesome mixes: Tracing the art of song selection through cinematic history

    James Gunn is once again at the helm, but whereas he co-wrote the first movie with Nicole Perlman, this time he scripted solo. The question will be if we can still hear the music among all the noise.
    US asked that 1934 Americans' names be 'unmasked' in intel

    US asked that 1934 Americans' names be 'unmasked' in intel

    It's got to do with the "hops": for example, if a target phone number calls another phone number, that's one hop. They said they had no breakdown of how many individuals' phone records were among those collected.
  • Somalia: Al-Shabab Commander Killed in Lower Shabelle Region, Minister Says

    The raid came a day after a USA service member was killed while supporting an operation by Somalia's military in the same area. The random attack that took the Navy SEAL's life is all too common in Somalia, according to experts with Minnesota ties.
    Syrian official threatens to respond to alleged Israeli strike

    Syrian official threatens to respond to alleged Israeli strike

    Syrian state media said Israeli missiles hit a military position southwest of the airport, but did not mention arms or fuel. Syria accused Israel of air strikes on a Hezbollah-operated arms depot near the airport in Damascus.
    Eight militants die in U.S.  strike in Afghanistan

    Eight militants die in U.S. strike in Afghanistan

    Nicholson also said the current battle, mainly against Taliban forces but also against the Islamic State extremist group, was at a " stalemate ".
  • Watchdog says ASEAN must stand vs. killings in Philippines

    Watchdog says ASEAN must stand vs. killings in Philippines

    The People's SEA Campaign issued the statement on the eve of the ASEAN Summit in Manila slated April 26-29. He said the Philippines, which is ASEAN chair this year, could not alone force China to abide by it.

    Kerala SSLC exam results 2017 to be out today

    A total number of 9000 schools were provided internet facility this year as a part of the IT@School Project. The paper was then cancelled and the re-examination was conducted on March 30.
    UP ATS arrests suspected ISI agent from Faizabad

    UP ATS arrests suspected ISI agent from Faizabad

    Earlier, the Uttar Pradesh police had warned of a possible terror attack in the state by ISI-trained militants. IG Arun said pictures of the cantonment area in Faizabad have been recovered from Aftab’s mobile phone.
  • Mani goes red: KC(M) wins Kottayam dist panchayat with CPM support

    Mani goes red: KC(M) wins Kottayam dist panchayat with CPM support

    KC (M ) capturing Kottayam district panchayat with support of CPI (M) had kicked up a political storm in the state. "Mani and his associates misguided us and I had resigned as the district panchayat president", Mr Philip said.
    Arkansas governor: More resources for flood-stricken areas

    Arkansas governor: More resources for flood-stricken areas

    A school bus trying to drive on a flooded road got stuck and almost tipped over near the town of Iowa, Louisiana. Residents aren't breathing easy yet: More rain on Thursday will keep the river high for several days.
    Ballistic missile test-fired from California coastal base

    Ballistic missile test-fired from California coastal base

    That missile, equipped with a nonexplosive payload, also traveled to a test range in Kwajalein Atoll in the Marshall Islands. Vandenberg Air Force Base successfully launched another missile test overnight.