Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly

May 10, 2017, 03:01
Hertz Global Holdings, Inc Shares Plummet As Q1 Earnings Miss Badly

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Hertz Global Holdings, Inc. the EPS stands at -1.61 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.91, suggesting the stock fell short of the analysts' expectations.

The company's expected revenue in the current quarter to be 2.26 Billion, seeing a projected current quarter growth of -14.6%, and per annum growth estimates over the next 5 year period of around 85.7%. During the same quarter past year, the company earned $0.05 EPS. The decline in the International RAC revenues reflect a tougher year-over-year comparison due to the additional Leap day in 2016, the Easter shift to second quarter in 2017, in addition to the termination of certain contracts in the third quarter of 2016.

The stock subtracted in the prior trading session by -0.47%, closing at the stock price of $14.91. The company's stock had a trading volume of 23,191,709 shares. The stock's market cap is $1.24 billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -9.14% where SMA50 and SMA200 are -20.72% and -51.46% respectively. If you are accessing this story on another site, it was copied illegally and reposted in violation of US and global copyright & trademark law. If you are viewing this piece of content on another site, it was stolen and reposted in violation of U.S. and worldwide copyright law. (HTZ) is its Earnings per Share or EPS.

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A number of large investors have recently made changes to their positions in the stock.

Let's have a look at some of the important valuation ratios of the Hertz Global Holdings, Inc (HTZ). Dimensional Fund Advisors LP now owns 1,136,099 shares of the transportation company's stock worth $24,494,000 after buying an additional 84,736 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Hertz Global Holdings by 3.0% in the fourth quarter. First Advisors Ltd Partnership owns 0.01% invested in Royce Value Trust Inc (NYSE:RVT) for 170,473 shares.

ATR value of company was 0.80.

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Several brokerages have weighed in on HTZ.

Zacks Investment Research upgraded shares of Hertz Global Holdings, Inc (NYSE:HTZ) from a sell rating to a hold rating in a research note issued to investors on Monday. The rating was maintained by M Partners with "Buy" on Friday, July 1. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) earned "Neutral" rating by Northcoast on Tuesday, November 8. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. (NYSE:HTZ). At the time of writing, the First Call consensus price target for the company is $22.57. Currently Hertz Global Holdings, Inc.

Even as its cars were losing value at a faster rate, Hertz sold 21 per cent more vehicles than it did a year ago, which added to losses.

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The company has been hit harder than other rental firms because its fleet had a lot of compact cars and family sedans, which are out of favor with USA drivers.

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