Equities research analysts expect Horizon Global Corp (NYSE:HZN) to announce sales of $241.23 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Horizon Global’s earnings, with the lowest sales estimate coming in at $230.10 million and the highest estimate coming in at $252.36 million. Horizon Global reported sales of $233.34 million during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Horizon Global will report full year sales of $881.49 million for the current year, with estimates ranging from $869.90 million to $893.07 million. For the next year, analysts forecast that the firm will post sales of $909.88 million, with estimates ranging from $886.90 million to $932.86 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Horizon Global.
Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.16). Horizon Global had a negative return on equity of 731.99% and a negative net margin of 20.35%. The business had revenue of $209.66 million for the quarter, compared to the consensus estimate of $199.75 million.
In other news, Director Frederick A. Henderson acquired 15,000 shares of Horizon Global stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $3.01 per share, for a total transaction of $45,150.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $30,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick A. Henderson acquired 10,000 shares of Horizon Global stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $2.90 per share, with a total value of $29,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $29,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 35,000 shares of company stock valued at $110,150. Corporate insiders own 10.23% of the company’s stock.
Several large investors have recently modified their holdings of HZN. Royce & Associates LP raised its position in shares of Horizon Global by 57.1% in the first quarter. Royce & Associates LP now owns 1,689,690 shares of the company’s stock valued at $3,278,000 after buying an additional 614,364 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Horizon Global in the fourth quarter valued at approximately $104,000. Finally, California Public Employees Retirement System raised its position in Horizon Global by 12.7% in the 4th quarter. California Public Employees Retirement System now owns 146,881 shares of the company’s stock worth $210,000 after purchasing an additional 16,521 shares during the period. Institutional investors own 41.87% of the company’s stock.
Horizon Global stock traded up $0.15 during midday trading on Thursday, reaching $4.65. 201,700 shares of the company’s stock were exchanged, compared to its average volume of 218,748. Horizon Global has a 52 week low of $1.34 and a 52 week high of $8.50. The company has a market cap of $99.54 million, a price-to-earnings ratio of -3.37 and a beta of 1.21. The firm has a 50-day moving average price of $3.82.
About Horizon Global
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
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