Brokerages predict that Hertz Global Holdings, Inc (NYSE:HTZ) will report earnings per share (EPS) of ($0.83) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Hertz Global’s earnings, with estimates ranging from ($1.03) to ($0.59). Hertz Global reported earnings of ($0.77) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Hertz Global will report full year earnings of ($0.56) per share for the current year, with EPS estimates ranging from ($1.14) to ($0.20). For the next year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.00 to $1.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Hertz Global.

Hertz Global (NYSE:HTZ) last released its earnings results on Thursday, November 8th. The transportation company reported $2.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.36. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Hertz Global had a negative return on equity of 2.50% and a net margin of 5.29%. Hertz Global’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS.

A number of brokerages have issued reports on HTZ. Zacks Investment Research raised Hertz Global from a “sell” rating to a “hold” rating in a report on Friday, August 10th. TheStreet raised Hertz Global from a “d” rating to a “c-” rating in a report on Friday, August 24th. ValuEngine downgraded Hertz Global from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Barclays lifted their price target on Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, August 22nd. Finally, Goldman Sachs Group set a $13.00 price target on Hertz Global and gave the stock a “sell” rating in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Hertz Global has an average rating of “Hold” and an average target price of $16.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Hertz Global by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,989,143 shares of the transportation company’s stock valued at $107,214,000 after purchasing an additional 1,260,941 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Hertz Global by 21.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,072,289 shares of the transportation company’s stock valued at $93,149,000 after purchasing an additional 1,060,999 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hertz Global by 324.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 789,410 shares of the transportation company’s stock valued at $12,110,000 after purchasing an additional 603,485 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Hertz Global by 35.5% in the 2nd quarter. Gabelli Funds LLC now owns 1,844,700 shares of the transportation company’s stock valued at $28,298,000 after purchasing an additional 483,620 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hertz Global by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,551,300 shares of the transportation company’s stock valued at $69,817,000 after purchasing an additional 457,260 shares during the last quarter.

NYSE HTZ traded down $0.98 during trading on Monday, reaching $16.57. 2,328,385 shares of the company’s stock were exchanged, compared to its average volume of 3,736,079. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -10.42 and a beta of 1.11. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.53 and a quick ratio of 1.53. Hertz Global has a 1 year low of $13.01 and a 1 year high of $25.14.

About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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