Localiza Rent a Car (OTCMKTS:LZRFY – Get Free Report) released its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04, Zacks reports. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion.
Localiza Rent a Car Stock Down 1.7%
Shares of LZRFY stock opened at $8.72 on Friday. The business has a 50-day moving average price of $9.40 and a two-hundred day moving average price of $9.05. Localiza Rent a Car has a 12-month low of $5.98 and a 12-month high of $11.76.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Localiza Rent a Car to a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.
About Localiza Rent a Car
Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.
The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.
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