Equities analysts expect Horizon Global Corp (NYSE:HZN) to report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Horizon Global’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.34. Horizon Global reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is expected to issue its next earnings report on Tuesday, October 30th.

On average, analysts expect that Horizon Global will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.37. For the next year, analysts expect that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.36 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Horizon Global.

Horizon Global (NYSE:HZN) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.15. Horizon Global had a negative net margin of 15.61% and a positive return on equity of 8.57%. The company had revenue of $233.34 million during the quarter, compared to analyst estimates of $232.85 million.

Several research firms have recently issued reports on HZN. Roth Capital raised shares of Horizon Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $6.00 to $13.00 in a research report on Wednesday, August 8th. Bank of America lowered shares of Horizon Global from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $10.00 to $5.00 in a research report on Friday, June 22nd. Zacks Investment Research raised shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Horizon Global from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, B. Riley dropped their price objective on shares of Horizon Global from $12.50 to $10.50 and set a “buy” rating for the company in a research report on Monday, June 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.79.

Shares of Horizon Global stock traded down $0.55 during trading hours on Friday, hitting $6.30. The company’s stock had a trading volume of 225,200 shares, compared to its average volume of 375,471. Horizon Global has a 1-year low of $5.13 and a 1-year high of $17.78. The firm has a market capitalization of $179.94 million, a P/E ratio of 6.43, a PEG ratio of 14.98 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 1.59 and a debt-to-equity ratio of 20.60.

Several institutional investors have recently added to or reduced their stakes in HZN. Sagard Capital Partners Management Corp acquired a new stake in Horizon Global during the 2nd quarter valued at $7,230,000. Rutabaga Capital Management LLC MA grew its holdings in Horizon Global by 104.7% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 747,191 shares of the company’s stock valued at $4,453,000 after purchasing an additional 382,238 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Horizon Global by 227.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 535,305 shares of the company’s stock valued at $3,190,000 after purchasing an additional 371,719 shares in the last quarter. Millennium Management LLC acquired a new stake in Horizon Global during the 2nd quarter valued at $1,610,000. Finally, Royal Bank of Canada grew its holdings in Horizon Global by 17.9% during the 1st quarter. Royal Bank of Canada now owns 1,363,966 shares of the company’s stock valued at $11,239,000 after purchasing an additional 206,932 shares in the last quarter. 73.65% of the stock is owned by institutional investors.

About Horizon Global

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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Earnings History and Estimates for Horizon Global (NYSE:HZN)

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