Analysts Issue Forecasts for Horizon Global Corp’s Q1 2019 Earnings (HZN)

Horizon Global Corp (NYSE:HZN) – Investment analysts at Barrington Research issued their Q1 2019 earnings per share estimates for Horizon Global in a research note issued to investors on Friday. Barrington Research analyst M. Gall anticipates that the company will earn ($0.02) per share for the quarter. Barrington Research has a “Outperform” rating and a $23.00 price objective on the stock. Barrington Research also issued estimates for Horizon Global’s Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.52 EPS and Q4 2019 earnings at $0.15 EPS.

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A number of other equities analysts have also issued reports on HZN. Roth Capital reiterated a “buy” rating and set a $14.00 target price (down from $24.00) on shares of Horizon Global in a research report on Friday, January 26th. ValuEngine upgraded shares of Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Bank of America upgraded shares of Horizon Global from an “underperform” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, February 7th. Finally, Seaport Global Securities reiterated a “hold” rating and set a $10.00 target price on shares of Horizon Global in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.67.

Horizon Global (NYSE HZN) traded down $0.06 during trading hours on Monday, reaching $9.79. 96,284 shares of the company’s stock were exchanged, compared to its average volume of 490,301. The firm has a market capitalization of $244.27, a price-to-earnings ratio of -51.42, a PEG ratio of 1.16 and a beta of 0.76. Horizon Global has a 52-week low of $7.69 and a 52-week high of $19.26. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.63 and a current ratio of 1.46.

Horizon Global (NYSE:HZN) last released its quarterly earnings results on Thursday, March 1st. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.03. The firm had revenue of $196.00 million for the quarter, compared to analyst estimates of $194.59 million. Horizon Global had a negative net margin of 0.40% and a positive return on equity of 17.35%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.37) earnings per share.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Horizon Global by 6.2% during the second quarter. Vanguard Group Inc. now owns 942,857 shares of the company’s stock worth $13,539,000 after purchasing an additional 55,411 shares in the last quarter. Cadence Capital Management LLC bought a new stake in shares of Horizon Global during the fourth quarter worth approximately $1,620,000. Northpointe Capital LLC raised its stake in shares of Horizon Global by 25.9% during the fourth quarter. Northpointe Capital LLC now owns 1,070,443 shares of the company’s stock worth $15,008,000 after buying an additional 219,992 shares during the last quarter. Tygh Capital Management Inc. raised its stake in shares of Horizon Global by 56.8% during the fourth quarter. Tygh Capital Management Inc. now owns 265,987 shares of the company’s stock worth $3,729,000 after buying an additional 96,361 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of Horizon Global during the third quarter worth approximately $3,387,000. Institutional investors own 89.67% of the company’s stock.

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Horizon Global Company Profile

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

Earnings History and Estimates for Horizon Global (NYSE:HZN)

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