Hertz Global Holdings, Inc (HTZ) Bonds Trading 1.3% Higher

Reuters

Russell Investments Group Ltd. acquired a new stake in shares of Hertz Global Holdings during the fourth quarter worth $265,000. Its share price has grown -27.76% in three months and is down -9.53% for the last five trades.

The Estero, Florida-based company said it had a loss of $2.69 per share. The company is estimating to achieve earnings per share (EPS) growth of -28.40% in this year and the earnings per share (EPS) growth expected to be 62.10% in the next year. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2017/05/09/norges-bank-invests-13-574-million-in-hertz-global-holdings-inc-htz-updated-updated.html. Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $174,000. In fact, this Zacks Rank #5 (Strong Sell) stock has crashed 47.6% in the last six months, underperforming the Zacks categorized Transportation Services industry's growth of 7%. Institutional investors and hedge funds own 91.26% of the company's stock.

In the latest week Hertz Global Holdings, Inc. The firm bought 1,800,000 shares of the transportation company's stock, valued at approximately $31,572,000.

On Friday, Hertz Global Holdings, Inc (NYSE:HTZ) stock opened its trade at $14.74 and after floating in a range of $14.52 to $15.36, settled at $14.98. Following last close company's stock, is -17.01% below their SMA 50 and -30.89% below the 52-week high.

Revenues for the U.S. RAC segment dropped 4% year over year at $1,353 million in the first quarter, owing to a 1% dip in transaction days and 3% decrease in pricing - as measured by Total Revenue per Transaction Day (RPD). Revenue, which fell 3.0 percent from the previous year period to $1.92 billion, also fell shy of estimates of $1.94 billion.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Monday, February 27th. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 2 Sell, 6 Hold and 0 Underweight. On average, equities research analysts expect that Hertz Global Holdings will post $0.66 EPS for the current year.

Hertz's U.S. Segment revenues gained 4% year-over year, while worldwide sales fell 5%. 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.

Fabrinet (NYSE:FN) delivered earnings of 80 cents a share for the third quarter missing expectations of 88 cents.

Hertz Global Holdings, Inc. closed its last trading session at $15.46 with the loss of -5.5%. Finally, MKM Partners restated a "buy" rating and issued a $29.00 price objective (down from $33.00) on shares of Hertz Global Holdings in a report on Sunday, March 19th.

These are 2 Sell Ratings, 5 Hold Ratings, 1 Buy Rating. Hertz Global Holdings has an average rating of "Hold" and an average price target of $35.38.

While Hertz performance remained disappointing, the company remains focused on its turnaround plan, which keeps customers at centre stage. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand.

Share

Related News

  • North Korea parades military weapons, but no nuke test

    North Korea parades military weapons, but no nuke test

    Pictures on state television showed thousands of soldiers marching in formation alongside tanks, balloons and enormous crowds. President Donald Trump is much more "vicious" and "aggressive" than his predecessor, a North Korean official argued Friday.

    Defending Rockets' Harden is a chess match worth watching

    The Toronto Raptors are already down 2-0 in their series against the Cleveland Cavaliers and now they have even more bad news. Parker wasn't having much of the ball handling duties to begin with, but his absence was felt in the turnover department.
    Mud in your eye: Always Dreaming wins Kentucky Derby in slop

    Mud in your eye: Always Dreaming wins Kentucky Derby in slop

    Everybody dreams of something, whether it's a big event or special day, the birth of their child, winning the Kentucky Derby. The Wood Memorial victor Irish War Cry drew the dreaded No. 17 hole, from which no horse has ever won.
  • San Antonio Spurs win in Houston to take series lead

    San Antonio Spurs win in Houston to take series lead

    Two huge voids as they go toe-to-toe with the high-powered Rockets in hopes of another trip to the Western Conference finals. The timeline for his recovery and return has not yet been determined, the team said in a statement.
    Ubisoft's long-rumored Mario x Rabbids RPG is reportedly still happening

    Ubisoft's long-rumored Mario x Rabbids RPG is reportedly still happening

    This would also be a great build for going online and getting started with competitive and multiplayer modes if you're a novice . While this is a decidedly odd story, it gets even more weird when you learn that Mario will apparently handle a gun in the game.
    Korea arrests USA  citizen over 'coup' plot claim

    Korea arrests USA citizen over 'coup' plot claim

    Previously, the US itself prepared a plan of evacuation of its 230,000 citizens from the southern part of the Korean Peninsula. According to Tillerson, Washington and Moscow were working to see if trust could be rebuilt by starting one issue at a time.
  • Ricciardo retires from Russian Grand Prix

    Ricciardo retires from Russian Grand Prix

    Red Bull's Daniel Ricciardo was the most notable retirement, parking his auto on lap 6 after the right-rear brakes caught fire. Eighth went to Renault's Nico Hulkenberg, with Massa and Toro Rosso's Carlos Sainz claiming the final points .
    Hit by NASCAR penalty, Joey Logano says team doesn't cheat

    Hit by NASCAR penalty, Joey Logano says team doesn't cheat

    You have to find that edge and get right to it. "When you're a little bit over, we're sitting talking about what we are today". There are still 17 races left before the playoffs and only six drivers are now locked in because of race wins.
    Kim Kardashian to Launch New Reality Series on Lifetime

    Kim Kardashian to Launch New Reality Series on Lifetime

    Beauty bloggers who thinks they have got what it takes can apply for the series now, and production is set to begin this summer. So if you reckon you have what it takes to join Kim's team, apply here and remember us when you become famous.
  • North Korea: US and South Korea tried to assassinate Kim Jong Un

    North Korea: US and South Korea tried to assassinate Kim Jong Un

    North Korea frequently lambasts the United States and South Korea, but this accusation is unusual in its detail. North Korea warned of an impending cataclysm should relations between the two countries reach a boiling point.
    Juventus 1 Torino 1: Last-gasp Higuain strike cancels out Ljajic stunner

    Juventus 1 Torino 1: Last-gasp Higuain strike cancels out Ljajic stunner

    Roma could hand Juventus the title if it fails to match or beat the Bianconeri's result when it visits AC Milan on Sunday. Dries Mertens opened the scoring after two minutes, before the Belgian doubled the in the 49th minute.

    North Korea Threatens To Sink US Carrier; China Urges Restraint

    Matching the flurry of diplomatic and military activity in Asia, the State Department in Washington said on Monday U.S. Harris also said North Korean leader Kim Jong Un "is clearly in a position to threaten Hawaii today, in my opinion".