Hertz Global Holdings, Inc (NYSE:HTZ) – Research analysts at Northcoast Research decreased their Q3 2019 EPS estimates for Hertz Global in a research note issued on Thursday, August 8th. Northcoast Research analyst J. Healy now anticipates that the transportation company will post earnings per share of $1.41 for the quarter, down from their previous estimate of $2.64. Northcoast Research also issued estimates for Hertz Global’s Q4 2019 earnings at ($0.36) EPS, FY2019 earnings at $0.79 EPS and FY2020 earnings at $1.59 EPS.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Hertz Global from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Thursday, May 2nd. Barclays raised Hertz Global from an “equal weight” rating to an “overweight” rating and set a $19.00 target price for the company in a report on Thursday, August 8th. ValuEngine cut Hertz Global from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Deutsche Bank set a $21.00 target price on Hertz Global and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, TheStreet raised Hertz Global from a “d+” rating to a “c-” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.50.
Hertz Global (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.52. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Hertz Global had a positive return on equity of 10.92% and a negative net margin of 0.71%. Hertz Global’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS.
Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Hertz Global by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,114,841 shares of the transportation company’s stock worth $97,119,000 after acquiring an additional 36,618 shares during the last quarter. Stifel Financial Corp purchased a new position in Hertz Global during the 4th quarter worth $292,000. Geode Capital Management LLC boosted its holdings in Hertz Global by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 571,025 shares of the transportation company’s stock worth $7,794,000 after acquiring an additional 29,636 shares during the last quarter. Bank of America Corp DE boosted its holdings in Hertz Global by 108.1% during the 4th quarter. Bank of America Corp DE now owns 337,388 shares of the transportation company’s stock worth $4,605,000 after acquiring an additional 175,225 shares during the last quarter. Finally, Norges Bank purchased a new position in Hertz Global during the 4th quarter worth $11,049,000. 70.27% of the stock is owned by institutional investors and hedge funds.
Hertz Global Company Profile
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
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