Equities research analysts expect Hertz Global Holdings, Inc (NYSE:HTZ) to post sales of $1.97 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hertz Global’s earnings. The lowest sales estimate is $1.97 billion and the highest is $1.98 billion. Hertz Global reported sales of $1.92 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The business is scheduled to report its next earnings report on Monday, May 14th.
On average, analysts expect that Hertz Global will report full-year sales of $1.97 billion for the current year, with estimates ranging from $8.93 billion to $9.07 billion. For the next financial year, analysts forecast that the company will post sales of $9.20 billion per share, with estimates ranging from $9.08 billion to $9.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hertz Global.
Hertz Global (NYSE:HTZ) last posted its earnings results on Tuesday, February 27th. The transportation company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.17). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Hertz Global had a net margin of 3.73% and a negative return on equity of 13.01%.
Shares of Hertz Global (NYSE:HTZ) traded up $0.08 on Friday, hitting $20.47. 2,280,000 shares of the stock traded hands, compared to its average volume of 3,860,000. The firm has a market capitalization of $1,710.00 and a PE ratio of 5.20. Hertz Global has a 1-year low of $8.52 and a 1-year high of $27.27. The company has a debt-to-equity ratio of 9.78, a current ratio of 1.76 and a quick ratio of 1.76.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Hertz Global by 3.8% during the 4th quarter. BlackRock Inc. now owns 4,357,336 shares of the transportation company’s stock worth $96,297,000 after purchasing an additional 157,534 shares in the last quarter. Lyrical Asset Management LP grew its holdings in Hertz Global by 9.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,339,871 shares of the transportation company’s stock valued at $73,811,000 after buying an additional 285,372 shares during the period. State Street Corp grew its holdings in Hertz Global by 43.0% in the 2nd quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock valued at $23,510,000 after buying an additional 614,357 shares during the period. Renaissance Technologies LLC grew its holdings in Hertz Global by 653.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,729,800 shares of the transportation company’s stock valued at $38,229,000 after buying an additional 1,500,100 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Hertz Global by 3,974.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock valued at $28,414,000 after buying an additional 1,239,488 shares during the period.
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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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