Brokerages expect Horizon Global Corp (NYSE:HZN) to post sales of $232.32 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Horizon Global’s earnings. The lowest sales estimate is $230.94 million and the highest is $233.70 million. Horizon Global reported sales of $240.12 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.2%. The firm is scheduled to announce its next earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that Horizon Global will report full-year sales of $879.66 million for the current year, with estimates ranging from $876.81 million to $882.50 million. For the next year, analysts expect that the company will post sales of $909.07 million, with estimates ranging from $908.50 million to $909.63 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Horizon Global.
Horizon Global (NYSE:HZN) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. The business had revenue of $233.34 million for the quarter, compared to the consensus estimate of $232.85 million. Horizon Global had a negative net margin of 15.61% and a positive return on equity of 8.57%.
A number of institutional investors and hedge funds have recently made changes to their positions in HZN. Schwab Charles Investment Management Inc. increased its stake in Horizon Global by 20.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 115,995 shares of the company’s stock worth $956,000 after buying an additional 19,827 shares during the period. Dimensional Fund Advisors LP increased its stake in Horizon Global by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,558 shares of the company’s stock worth $11,557,000 after buying an additional 206,467 shares during the period. Russell Investments Group Ltd. increased its stake in Horizon Global by 4.6% during the 1st quarter. Russell Investments Group Ltd. now owns 320,514 shares of the company’s stock worth $2,641,000 after buying an additional 14,173 shares during the period. GSA Capital Partners LLP purchased a new stake in Horizon Global during the 1st quarter worth approximately $460,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Horizon Global in the 1st quarter valued at approximately $415,000. 73.65% of the stock is currently owned by hedge funds and other institutional investors.
Horizon Global stock opened at $6.96 on Friday. The company has a market capitalization of $178.93 million, a PE ratio of 7.10, a P/E/G ratio of 14.89 and a beta of 0.92. Horizon Global has a 1 year low of $5.13 and a 1 year high of $17.78. The company has a current ratio of 1.59, a quick ratio of 0.80 and a debt-to-equity ratio of 20.60.
About Horizon Global
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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