Is Hertz Global Holdings, Inc (HTZ) About to Disappoint?

Posted May 10, 2017

The stock has relative volume of 2.07.

Several research analysts have recently weighed in on the company.

Hertz, which shares space with Avis Budget Group, Inc. Zacks Investment Research upgraded Hertz Global Holdings from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 10th. (HTZ) will report its next earnings on May 08 AMC. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. Barclays PLC reiterated an "equal weight" rating and issued a $23.00 target price (down from $31.00) on shares of Hertz Global Holdings in a report on Friday, February 24th. The higher the return on equity, the better job a company is at optimizing the investment made on shareholders' behalf.

These are 2 Sell Ratings, 5 Hold Ratings, 1 Buy Rating. (HTZ), a stock from Rental & Leasing Services Industry, has a value of $14.61 per share, noted a price change of -5.50% in recent trade close. The average volume stands around 3.31 million shares. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. Over the last five days, shares have managed 9.06% gains and now is up 2.58% since hitting its 200-day moving average of $48.94.

After a lower open, Hertz continued to make a new all-time low at $11.78 before mounting a rebound. The company is expecting to attain earnings per share (EPS) growth of -546.50% in this year and the earnings per share (EPS) growth estimated to be 154.77% in the next year. Adjusted for one-time items, the company reported a net loss of $134 million, or $1.61 a share, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period previous year. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities research analysts anticipate that Hertz Global Holdings, Inc will post $0.66 EPS for the current fiscal year.

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Fabrinet (NYSE:FN) delivered earnings of 80 cents a share for the third quarter missing expectations of 88 cents. The company's shares closed at $14.61 on May 4, the lowest since 2009. The stock gained 2.53% in total of its share price. Gabelli Funds LLC raised its stake in shares of Hertz Global Holdings by 18.4% in the first quarter. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hertz Global Holdings by 8.1% in the fourth quarter.

While looking at the Stock's Performance, Hertz Global Holdings, Inc. now shows a Weekly Performance of -15.84%, where Monthly Performance is -6.35%, Quarterly performance is -29.42%, 6 Months performance is -55.54% and yearly performance percentage is 0%. Russell Investments Group Ltd. acquired a new stake in shares of Hertz Global Holdings during the fourth quarter worth $265,000. Institutional investors own 91.26% of the company's stock.

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This quarter will mark Hertz's fourth earnings release as a stand-alone entity.