Hertz Global Holdings, Inc (NYSE:HTZ) – Analysts at Northcoast Research cut their Q3 2017 EPS estimates for shares of Hertz Global Holdings in a research report issued on Wednesday. Northcoast Research analyst J. Healy now forecasts that the transportation company will post earnings per share of $1.53 for the quarter, down from their previous forecast of $1.60.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.51. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 9.34%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/10/q3-2017-eps-estimates-for-hertz-global-holdings-inc-htz-reduced-by-analyst.html.

HTZ has been the topic of a number of other research reports. Deutsche Bank AG reissued a “hold” rating and set a $16.00 price objective on shares of Hertz Global Holdings in a research report on Tuesday, May 9th. BidaskClub cut shares of Hertz Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. ValuEngine cut shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co assumed coverage on shares of Hertz Global Holdings in a research report on Friday, August 4th. They set a “neutral” rating and a $15.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Hertz Global Holdings presently has a consensus rating of “Hold” and an average target price of $21.50.

Shares of Hertz Global Holdings (NYSE HTZ) opened at 17.57 on Thursday. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $52.27. The firm’s market cap is $1.47 billion. The firm has a 50 day moving average price of $13.62 and a 200 day moving average price of $15.68.

Several large investors have recently bought and sold shares of the company. Utah Retirement Systems raised its stake in Hertz Global Holdings by 0.8% in the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock worth $231,000 after buying an additional 100 shares in the last quarter. Suntrust Banks Inc. raised its stake in Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock worth $224,000 after buying an additional 434 shares in the last quarter. Hosking Partners LLP raised its stake in Hertz Global Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after buying an additional 932 shares in the last quarter. SG Americas Securities LLC raised its stake in Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock worth $1,442,000 after buying an additional 1,144 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Hertz Global Holdings by 18.9% in the first quarter. M&T Bank Corp now owns 21,284 shares of the transportation company’s stock worth $373,000 after buying an additional 3,380 shares in the last quarter.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. 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. It operates through four segments: U.S.

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