Hertz skids after reporting wider loss than anticipated
May 10, 2017, 03:00
Analysts polled by FactSet had expected the vehicle rental company to report a loss of 90 cents a share on sales of $1.95 billion. The firm earned $2.01 billion during the quarter, compared to analyst estimates of $2.04 billion. In contrast to the year ago quarter EPS was at 0.73. Also, revenues were hurt by Easter holiday shifting into the second quarter this year.
In recent trading day Hertz Global Holdings, Inc. The company's stock had a trading volume of 23,191,709 shares. The share price has moved forward from its 20 days moving average, trading at a distance of 10.49% and stays 11.95% away from its 50 days moving average. The company's market capitalization is $1.25 billion with the total outstanding shares of 83.71 million.
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TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is owned by of Markets Daily. After $-0.71 actual EPS reported by Hertz Global Holdings, Inc for the previous quarter, Wall Street now forecasts 32.39% negative EPS growth. (HTZ) will report its next earnings on May 08 AMC. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1 per share. The 52-week range of the share price is from $12.99 - $29.75. For the next 5 years, Hertz Global Holdings, Inc.is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. (NYSE:HTZ). At the time of writing, the First Call consensus price target for the company is $22.57. EPS breaks down the profitability of the company on a single share basis. Federated Investors Inc. PA raised its position in shares of Hertz Global Holdings by 146.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 144,200 shares of the transportation company's stock worth $2,529,000 after buying an additional 49,455 shares during the last quarter.
The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year earlier. Institutional investors and hedge funds own 91.26% of the company's stock. Its monthly volatility value of 3.76% and volatility for the week is valued at 4.38%.
According to Zacks, "Hertz Global Holdings, Inc. operates auto rental business". It has a Return on Investment (ROI) of 17.30% and a gross margin of 42.50%.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company. Rev of $1.92bn (-3.4% Y/Y) missed CSE of $1.99bn and the Street at $1.94bn, with weakness in both US (-3.8% Y/Y) and worldwide (-5.1% Y/Y), although primarily attributable to the U.S, which delivered ($104mm) of EBITDA.
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